Florida has the "healthiest" housing market in the country:
Bottom Line: That almost seems implausible doesn't it? We were ground zero for the housing crisis. Florida was 1st or 2nd in foreclosures for over six years. How could Florida all of the sudden be the healthiest state for housing in the country?
Real-estate analytics firm TenX, a real-estate auction and analytics company ranks housing markets across the following categories:
- Population growth
- Job Growth
- Unemployment rate
- Wage growth
- Inventory
- New construction
When you put it altogether here are the most unhealthy housing markets:
- Northern New Jersey
- Central New Jersey
- Long Island, New York
- San Francisco
- Los Angeles
And the healthiest housing markets:
- Tampa
- Dallas
- Columbus, Ohio
- Las Vegas
- Jacksonville
So two of the five healthiest housing markets are in our state. When you look at the rational it makes perfect sense. Our state has been the 2nd biggest creator of jobs since 2010. Our population growth has been the 2nd highest over that period of time as well. Add in inventory and related factors like other research that's shown that it's cheaper to buy than rent in Florida and you can see the value proposition emerge for our state as a whole.