If you’re in the market to buy a house, these cities may just be exactly what you’re looking for.
Buying a house is an aspiration for many Americans. Many real estate markets across the nation fluctuated throughout 2020 due to the economic devastation of COVID-19. Insurify’s report on cities with the greatest pandemic real estate booms, found that between April and July 2020, monthly home sales were up at about 15%. That indicates a healthy demand for real estate persists. Search Homes for sale in Flying Horse, Colorado Springs at www.rehava.com
FACTORS THAT IMPACT HOME BUYERS
Anyone who’s been in the market for a new home-sweet-home knows that it’s not just the house itself that factors into the decision. Rather, the surrounding community and the resources it offers play an equally significant role. Potential buyers want to strike where the iron is hot. They want to find that perfect balance between an affordable price and a community with good schools, safe roads, and economic opportunities. Insurify’s 2021 Best Cities for New Homebuyers Award recognizes the communities that not only have real estate on the rise, but also a strong commitment to supporting their residents’ livelihoods.
Selection Process for Insurify’s 2021 Best Cities for New Homebuyers
The data scientists at Insurify, an insurance quotes comparison site, analyzed both proprietary and public data to identify the best cities for new homeowners. They rated U.S. cities based on a composite score of factors including real estate demand, employment levels, public school enrollment, and driver and pedestrian safety.I
CITIES WITH HOT REAL ESTATE MARKETS
Insurify’s research team turned to Realtor.com for statistics on real estate popularity and home value growth across U.S. cities. Cities with hotter real estate markets and positively trending home values received a higher score. Public school enrollment statistics and the unemployment rate in each city, provided by the U.S. Census Bureau’s most recent American Community Survey, were the defining variables in education and employment levels, respectively. A higher score was assigned to cities with higher public school enrollment and low unemployment rates.
Researchers at Insurify also referred to their database of over 2.9 million car insurance applications to calculate citywide measures of driver and pedestrian safety. Cities were evaluated for rates of at-fault accidents, DUIs, speeding tickets, and failure to yield to pedestrian violations. The safer a city’s road patterns, or the lower the citywide rates of these four violations, the higher a score they received.
Winners of Insurify’s 2021 Best Cities for New Homebuyers Awards
Arkansas: North Little Rock
Colorado: Colorado Springs
Connecticut: New Haven
I am an active Realtor specializing in the Douglas County /El Paso County areas. I have experience listing and selling residential properties throughout Douglas County including: Castle Rock, Parker, Highlands Ranch, Franktown, Sedalia, and Larkspur. I am currently expanding my business to; Black Forest, Monument, Colorado Springs, Peyton, Falcon, Woodland Park, Divide and Cripple Creek.