Study: Baltimore Is 2023’s Worst Real-Estate Market
With home values up around 1.0% in the past year and mortgage rates having continued to increase, the personal-finance website WalletHub today released its report on 2023’s Best Real-Estate Markets, as well as expert commentary.
To determine the most attractive real-estate markets in the U.S., WalletHub compared 300 cities across 17 key metrics. The data set ranges from median home-price appreciation to job growth.
Health of Baltimore’s Real-Estate Market (1=Best; 150=Avg.):
- 294th – Share of Seriously Underwater Mortgages
- 180th – Median Days on the Market
- 265th – Median Home-Price Appreciation
- 284th – Job Growth Rate
- 279th – Foreclosure Rate
- 280th – % of Delinquent Mortgage Holders
- 75th – Home Price as % of Income
- 243rd – Maintenance Costs as % of Income
Baltimore ranks 300th overall and 68th among large cities.
For the full report, please visit:
https://wallethub.com/edu/