A study completed by SmartAsset.com, a financial services company, ranked Grand Rapids as #3 in their “Healthiest Housing Markets”. Follow the link and you can search for the overall healthiest markets or look specifically at one of our four healthy-housing indicators: stability, risk, ease of sale and affordability.
They survey takes into account 5 main variables including Average Years Living in Home, Average Homes with Negative Equity, Homes Decreasing in Value, Average Days on Market, and Home Costs as % of Income. The survey also seems to like Texas with the lone star state taking the top 2 spots as well as spot 6 and 8!
You can also check out M-Live’s article on the survey here.
If you are interested in taking the jump into real estate Grand Rapids is a great place to do it – contact Compass Realty Services today!