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Since the Housing Market is a Good Indicator of How Popular or How well a city is doing Which City has the Hottest In-Demand Housing or Apartment Rental Market in the Nation.
As A Rule of Thumb the More Expensive Housing is or if Housing/Apartment Prices/Rents are Rising the More Desirable That City is
If Housing Prices are Cheap The less desirable that city is
-City with the Fastest Rising Rent
-City with Most Expensive Housing (i.e. most desirable)
-City with the Least Expensive Housing
-Unexpected city that surprisingly has rising Rents
It's not that simple. Places like Baltimore and Hartford have housing costs as high or higher than places that many people would consider more desirable. Housing markets aren't always efficient, and housing cost is not necessarily indicative of people's desire to live in a city.
It's not that simple. Places like Baltimore and Hartford have housing costs as high or higher than places that many people would consider more desirable. Housing markets aren't always efficient, and housing cost is not necessarily indicative of people's desire to live in a city.
Do you say that Orlando was more desirable than Atlanta? Reno more desirable than Raleigh?
Exactly, that was going to be my point. Orlando has had rental housing costs skyrocket not because it's so desirable to live in but because salaries are among the lowest of major metro areas and most do not have the financial means necessary to buy a house, coupled with a large segment of the population who were victims of the housing crisis via bankruptcy/foreclosure as Orlando led the nation in foreclosures for a few years, and is still among the top few cities. As a result the current base population and new arrivals are what's truly driving the demand through necessity.
Housing prices and rents respond to a variety of factors. Supply and demand is one of the big ones, if not the biggest. Cities that are rapidly growing but also grow their housing supply are going to moderate their housing inflation better than those who aren't keeping up with demand.
It's not that simple. Places like Baltimore and Hartford have housing costs as high or higher than places that many people would consider more desirable. Housing markets aren't always efficient, and housing cost is not necessarily indicative of people's desire to live in a city.
Do you say that Orlando was more desirable than Atlanta? Reno more desirable than Raleigh?
The reason why prices are high in Hartford is because the demand in downtown is extremely high and vacancy is at a record breaking low. There's not too many places in Hartford that can be developed because nearly 50% of the land is untaxable and government property. Young professionals are moving into the city because it's a convienence so they won't have to drive to work which can be tiring during rush hour. Downtown and the West End are the only desirable areas in the city.
Last edited by HumpDay; 09-04-2016 at 03:35 PM..
Reason: Spelling error
The reason why prices are high in Hartford is because the demand in downtown is extremely high and vacancy is at a record breaking low. There's not too many places in Hartford that can't be developed because nearly 50% of the land is untaxable and government property. Young professionals are moving into the city because it's a convienence so they won't have to drive to work which can be tiring during rush hour. Downtown and the West End are the only desirable areas in the city.
Well, there you have it. It's also in the Northeast Corridor. I just think it's silly when people use housing prices as proxy for desirability. it just doesn't work that way from market to market. Now, WITHIN any given market, housing costs do indicate consensus on desirability.
Easy... northern Idaho... more specifically Hayden
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