CT cities rank among worst real estate markets

Published on Monday, 28 August 2017 21:25
Written by Angie DeRosa

Staff Writer

Four Connecticut cities rank in the top 10 worst real-estate markets in the country, according to a recent analysis by WalletHub.

The personal-finance website compared 300 cities across 21 key metrics to determine the most attractive and least attractive real-estate markets in the United States.

The data set ranges from median home-price appreciation to home sales turnover rate to job growth.

Bridgeport, Hartford, Waterbury and New Haven all made the second half of the list with Bridgeport ahead of the others.

Three New Jersey towns, leading with Newark, ranked in as the top three worst real-estate markets.

Hartford was ranked with the highest share of homes with negative equity at 43.23 percent - 28.6 times greater than Berkeley, California, which has the lowest share of homes with negative equity at 1.51 percent.

The best real-estate market is in Frisco, Texas. Four other Texan cities made the top 10 best, along with other states including North Carolina, Washington, Tennessee and Colorado.

Despite what the numbers say, professor in the Department of Urban Planning at the University of Kansas, Kirk McClure, said not to follow price trends as they always change.

To view the full list, visit wallethub.com/edu/best-real-estate-markets/14889.

Angie DeRosa can be reached at 860-801-5063 or aderosa@centralctcommunications.com

Posted in The Bristol Press, Manufacturing on Monday, 28 August 2017 21:25. Updated: Monday, 28 August 2017 21:28.