According to a list compiled by an online real estate company, Austin, Texas, is among the best regions nationwide to seek homeownership.
The company's list was put together based upon several factors, including a region's job market size, the number of positions available in proportion to its population, the number of houses available, the time houses spent on the market, median home prices and the area's unemployment rate.
Washington, D.C. placed first, with 147 job postings per 1,000 people and an unemployment rate of 6.2 percent. Baltimore, Cleveland, Hartford and Denver rounded out the top five.
Austin placed sixth with 90 job postings per 1,000 people and a 7.6 percent unemployment rate. The median list price for properties in the region was $244,900, which was behind only Washington, Boston and Denver.
By comparison, the median price for Houston properties during July was $224,110, which was an all-time high for the region during the month. While Houston wasn't included in the list, the area also added a significant number of retail jobs during the past 12 months, which may attract more potential homebuyers.
Courtesy of 2M Realty News