All articles tagged with #real estate markets
The demand for AI-specific tech talent is significantly boosting real estate markets in key cities across the U.S. and Canada, with increased office leasing and rising residential rents driven by in-migration of tech workers, especially in cities like San Francisco, New York, and Washington, D.C., where AI is fueling a new tech boom and impacting housing affordability.
Homebuyers in some U.S. markets, particularly in California, are still making down payments of over $100,000 on homes, despite a slight decrease in down payment percentages relative to home prices. The top 5 cities with the largest down payments are all in California, including San Jose-Sunnyvale-Santa Clara and San Francisco-Oakland-Berkeley. The dominance of California in the rankings can be attributed to the state's desirable yet expensive properties and longstanding housing shortage. In contrast, areas near military bases tend to have lower down payments, thanks to affordable, 0% down mortgages offered by the U.S. Department of Veterans Affairs.
McKinney and Frisco in Texas have been rated as the best real estate markets in the United States, according to a study by WalletHub. Four out of the top six property markets in the country are located in North Texas, with Denton ranking fourth and Allen ranking sixth. The study evaluated 300 cities based on factors such as home price appreciation, foreclosure rates, housing affordability, population growth, and unemployment rates. Texas cities dominated the top rankings, with Austin also making it to the list. The Dallas-Fort Worth area, known for its strong population and job growth, saw a moderation in real estate costs after years of soaring prices.