The 10 WORST CITIES in America to Buy a House in 2022 (Look who made the list) – New Video
DO NOT BUY a House in these 10 CITIES in 2022.
These 10 Cities are in major HOUSING BUBBLES and could enter a Housing Crash very soon.
10. DALLAS, TEXAS The Dallas Housing Market is ON FIRE. Home Prices are up 30% YoY while inventory on the market is down by 75% in the last two years. That makes it a terrible time to be a home buyer and a great time to be a seller.
09. HUNTSVILLE, ALABAMA Huntsville’s Real Estate Market has been buoyed by the huge technology presence in the metro, pushing home prices up by 40% in the last two years. However, a CRASH could be on the horizon. Lots of homes are being built and Huntsville has never been this expensive.
08. CHARLESTON, SOUTH CAROLINA Home Prices across Charleston are up by nearly 26% over the last year. Meanwhile, homes for sale are down by over 80% over the last two. But a Housing Crash could be coming. Home Builders are going nuts in Charleston and that could push home prices down.
07. PORT ST. LUCIE, FLORIDA Port St. Lucie’s Housing Market is a pandemic darling. A huge influx of migration and real estate investor demand has pushed home prices up by nearly 40% in the last 12 months. Careful if you’re a home buyer or real estate investor: in the last Housing Crash Port St. Lucie went down by 55%.
06. MANCHESTER, NEW HAMPSHIRE The only non-Sun Belt Market on this list. Homebuyer Competition in Manchester’s Real Estate Market is nuts. The typical home on the markets sells within 12 days while home prices are up by over 40% in the last two years.
05. TAMPA, FLORIDA Tampa / St. Petersburg is BOOMING over the last several years. There has been a big influx of remote workers and as a result home prices and rents are up by 30% YoY. Will this market sustain itself? I’m skeptical. Home Prices Crashed in Tampa back from 2007-12 and I suspect they could again.
04. SARASOTA, FLORIDA Sarasota has the oldest homeowner population in America and a huge influx of investors. This makes it the 4th Worst Market in America to buy a house right now.
03. NASHVILLE, TENNESSEE Nashville, also called “Austin 2.0”, has transitioned from a slow and steady Housing Market that was affordable to a mania-driven market fueled by California buyers. The result is that home values in Nashville are up 30% YoY after never eclipsing 10% in its history. Get ready for a Housing Crash to hit Nashville.
02. AUSTIN, TEXAS Austin might be in the biggest Housing Bubble of all-time. Home Prices are up by nearly 70% in the last three years, pushed up by Tesla’s relocation and inbound migration from California. But with a huge pipeline of home building and rising interest rates, Austin’s economy and Housing Market is in the crosshairs of a potentially devastating crash.
01. RALEIGH, NORTH CAROLINA Raleigh is the most COMPETITIVE Housing Market in America right now. Inventory is down by over 80% and home prices have nearly doubled in the last six years. This comes after 20 years of mediocre home value growth. Be very careful if you’re buying in Raleigh or Durham, because these markets are looking like BIG HOUSING BUBBLES potentially.
Zillow Home Value Data: https://www.zillow.com/research/data/
Realtor.com Listing Data: https://www.realtor.com/research/data/