Bridgeport is one of the top 10 cities for buying a house in 2019
Where jobs are plentiful, construction is booming, and young people are moving in
- Housing affordability hit a 10-year low at the end of 2018, but there's still hope for some buyers.
- Wage growth and new construction are keeping up with home-price increases in several cities across the United States, according to housing economists at Realtor.com.
- The best places to buy a home in 2019 aren't just the cheapest — Miami, Boston, Boise, and Phoenix will be some of the best housing markets for homebuyers, Realtor.com found.
Housing affordability is in the dumps.
In the final quarter of 2018, the average American's ability to afford a home hit a 10-year low, according to a report from Attom Data Solutions cited by Realtor.com.
But not all hope is lost. While first-time homebuyers may struggle in 2019, older homeowners looking for a new place will have more options.
>>Click through to see some of the top 10 best cities housing markets poised to rule in 2019. Visit Business Insider for the full list.
Daren Blomquist, a senior vice president at Attom, said, according to Realtor.com: "We're going to hit an affordability tipping point in 2019, where it becomes more affordable to buy. Buyers will have more inventory to choose from and they will be running against fewer multiple-offer situations."
Realtor.com's team of economists analyzed housing markets across the US to find the best places to buy a home in 2019, where new home construction is booming, job growth is strong, public schools are highly rated, and millennials are moving in.
Keep in mind that the best places to buy a home in 2019 aren't just the cheapest. The list includes a few pricey cities, like Boston and Miami, as well as up-and-coming cities, like Boise, Idaho, and Chattanooga, Tennessee. The key is that wage growth and new-home construction in these cities are keeping up with home price increases, stabilizing affordability.
Bridgeport, Conn. comes in at number six on the list. The sky-high price tags in the Bridgeport area are no surprise. This metro includes Fairfield County, a posh suburb just outside of New York City where commuters can snag multimillion-dollar mansions in high-cost communities such as Greenwich and Stamford.
But it isn't just the mansions keeping this market hot. Down the road in the less affluent urban area of Bridgeport, CT, proper, buyers seeking extra space for their families—without putting down an entire college fund for a mortgage.
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