Advertisement
Australia markets closed
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • AUD/USD

    0.6507
    +0.0007 (+0.10%)
     
  • OIL

    82.93
    +0.12 (+0.14%)
     
  • GOLD

    2,325.20
    -13.20 (-0.56%)
     
  • Bitcoin AUD

    98,824.21
    -3,832.94 (-3.73%)
     
  • CMC Crypto 200

    1,387.47
    -36.63 (-2.57%)
     
  • AUD/EUR

    0.6073
    +0.0003 (+0.05%)
     
  • AUD/NZD

    1.0948
    +0.0007 (+0.06%)
     
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,040.38
    -4.43 (-0.06%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    18,088.70
    -48.95 (-0.27%)
     
  • Hang Seng

    17,295.93
    +94.66 (+0.55%)
     
  • NIKKEI 225

    37,694.66
    -765.42 (-1.99%)
     

The top 10 cities to buy a house in for 2019, where jobs are plentiful, construction is booming, and young people are moving in

  • Housing affordability hit a 10-year low at the end of 2018, but there's still hope for some buyers.

  • Wage growth and new construction are keeping up with home-price increases in several cities across the United States, according to housing economists at Realtor.com.

  • The best places to buy a home in 2019 aren't just the cheapest - Miami, Boston, Boise, and Phoenix will be some of the best housing markets for homebuyers, Realtor.com found.


Housing affordability is in the dumps.

In the final quarter of 2018, the average American's ability to afford a home hit a 10-year low, according to a report from Attom Data Solutions cited by Realtor.com.

ADVERTISEMENT

But not all hope is lost. While first-time homebuyers may struggle in 2019, older homeowners looking for a new place will have more options.

Daren Blomquist, a senior vice president at Attom, said, according to Realtor.com: "We're going to hit an affordability tipping point in 2019, where it becomes more affordable to buy. Buyers will have more inventory to choose from and they will be running against fewer multiple-offer situations."

Realtor.com's team of economists analysed housing markets across the US to find the best places to buy a home in 2019, where new home construction is booming, job growth is strong, public schools are highly rated, and millennials are moving in.

Keep in mind that the best places to buy a home in 2019 aren't just the cheapest. The list includes a few pricey cities, like Boston and Miami, as well as up-and-coming cities, like Boise, Idaho, and Chattanooga, Tennessee. The key is that wage growth and new-home construction in these cities are keeping up with home price increases, stabilizing affordability.

Here are the best markets for homebuyers in 2019, along with Realtor.com's price growth forecast.


10. Boston, Massachusetts

Forecasted median home price: $US496,710

Forecasted price growth from 2018 to 2019: 4.6%


9. Miami, Florida

Forecasted median home price: $US266,586

Forecasted price growth from 2018 to 2019: 5%


8. Boise City, Idaho

Forecasted median home price: $US258,303

Forecasted price growth from 2018 to 2019: 6.9%


7. Las Vegas, Nevada

Forecasted median home price: $US277,574

Forecasted price growth from 2018 to 2019: 7.9%


6. Bridgeport, Connecticut

Forecasted median home price: $US385,790

Forecasted price growth from 2018 to 2019: 4%


5. Phoenix, Arizona

Forecasted median home price: $US267,318

Forecasted price growth from 2018 to 2019: 5.6%


4. Chattanooga, Tennessee

Forecasted median home price: $US161,595

Forecasted price growth from 2018 to 2019: 4.3%


3. El Paso, Texas

Forecasted median home price: $US149,643

Forecasted price growth from 2018 to 2019: 2.5%


2. Grand Rapids, Michigan

Forecasted median home price: $US187,319

Forecasted price growth from 2018 to 2019: 8.2%


1. Lakeland, Florida

Forecasted median home price: $US161,757

Forecasted price growth from 2018 to 2019: 7.4%