Realtor.com culled through housing and jobs data in 146 Metropolitan Areas and Metropolitan Divisions across the U.S. and recommended the top 5 cities to buy a home right now. Buying a home is not a decision to take lightly, thus the site looked at the following data:
- Listing Price Data
- Sales Data
- Inventory Trends
- Number of Days on Market
- 5 Year Home Price Decline
- Employment Rates
As per their analysis: “In the case of Tucson, you are looking at foreclosures dropping back quite a bit coupled with a stable employment market,” says Berkowitz. The area has a 7.8% unemployment rate, a tad lower than the national average of 8.2%, helped by the presence of sizable employers in the recession-resistant education and government sectors, including the University of Arizona, Davis-Monthan Air Force Base and the U.S. Army Intelligence Center. All of this suggests Tucson’s housing market may be bottoming."
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