Head to West Texas for a country’s hottest housing market

Two Texas cities have landed during a tip of a list of a country’s hottest housing markets.

But it’s not Dallas or Houston that have had a strongest home cost increase.

Odessa and Wichita Falls were ranked initial nationally for home cost gains in a new news by Realtor.com

Fueled by a oil and gas boom, home prices in Odessa were adult some-more than 34% year-over-year in September, according to Realtor.com.

With a median home list cost of $271,400, Odessa residential values are commanding Dallas-Fort Worth sales prices.

Fueled by a oil and gas boom, home prices in Odessa, Texas, were adult some-more than 34% year-over-year in September.

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“With all a engineers, truckers, and welders relocating here, a series of homes on a marketplace has plummeted by 44% over a past 12 months, that is pulling prices ever higher,” according to Realtor.com

In Wichita Falls, median home list prices have grown by some-more than 27% in a final year.

“Affordability plays a large role: Many of these places are still underneath $150,000,” Realtor.com reports.

While home prices are mountainous in Odessa and Wichita Falls, home values are flourishing most slower in a DFW area.

Median sales prices in 2018 have increasing by about 5% given final year.

“As other markets are starting to turn off a bit or go down, some are personification catch-up from a strike in a road,” Joseph Kirchner, comparison economist during Realtor.com, pronounced in a statement.


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Article source: http://www.nationalmortgagenews.com/articles/head-to-west-texas-for-the-countrys-hottest-housing-market

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