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Dallas Suburbs Wylie And St Paul Make US Hot Housing Lists Top 5
A North Texas community has landed near the top of the list of the country's hottest suburban housing markets.
The communities of Wylie and St. Paul northeast of Dallas were ranked as the second-hottest suburban home markets by Realtor.com. St. Paul is in Collin County, and Wylie touches Dallas, Collin and Rockwall counties.
Realtor.com measured the number of online home searches and overall growth in suburbs around the country for its nationwide ranking.
Only the Denver suburb of Montbello scored higher for housing activity than the Wylie/St. Paul market.
The suburban Austin market of Daffan/Hornsby Bend was fourth on the list.
"Suburbs are traditionally viewed as meccas for young families, willing to trade in shorter commute times and urban nightlife for better schools and larger homes," Jonathan Smoke, Realtor.com chief economist, said in the report. "In recent years, rising home prices and inventory shortages in urban centers have made affordable suburban home prices more appealing for buyers.
"Our analysis indicates 50 percent of buyers planning to purchase a home this spring indicated they preferred a home in the suburbs."
Realtor.com said that the Wylie/St. Paul market is attracting a mix of first-time homebuyers, young families and professionals.
Source: Dallas News
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