National News Outlet Lists Billings as #1 Housing Market in U.S.

The latest Emerging Housing Markets Index released by the Wall Street Journal and Realtor.com shows that smaller U.S. cities are most desirable for home buyers because of “affordability and appeal to remote workers,” and the Magic City is on top of the latest rankings.

According to the latest index results that were published today (Tuesday 7/20), the “boomtown” of Billings is the new #1 ranked Emerging Housing Market in the U.S., followed by Coeur d’Alene, Idaho, which dropped from the top spot.

To create the ranking, the WSJ – Realtor.com Emerging Housing Markets Index looks at “non-housing indicators to help identify places that are not only good places to invest, but also where you are likely to enjoy living.”

Credit: Johnny Vincent, Townsquare Media

The Wall Street Journal called Billings a “boomtown” in the latest rankings, and said cities where employment and wages grew had the most increase in their rank. According to the article, the WSJ / Realtor.com added a new criteria of real-estate taxes for this version of the index, which caused cities in the Northeast, Midwest, Texas and Alaska to fall in the latest survey.

The Top 10 cities in the latest Emerging Housing Markets Index were:

Billings, MontanaCoeur d’Alene, IdahoFort Wayne, IndianaRapid City,

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