Billings celebrates making the top ten for the emerging housing market for the fourth time in a row, as Public Information Officer Victoria Hill reports.
That Wall Street Journal and Realtor.com listed Billings at number five nationwide in their quarterly report for the Emerging Housing Market Index. But this is not the first time Billings was ranked in the report. Billings was rated number one on the same report during the summer of 2021. Time Magazine even mentioned the city’s growing housing market in an article from their “Where America Moves” edition.
Not only did the Magic City make the summer report in 2021, but it was also ranked number four in the inaugural spring report but dropped to number 16 in the fall of 2021 and 51 in the next quarter. In the spring of 2022, Billings rose to the top 10 again at number nine.
“The rest of the community is waking up to what we knew all along,” said Billings Mayor Bill Cole. “The things that make Billings a great community are tried and true. They stand the test of time.”
Mayor Cole also mentions that the rankings compare 300 of the largest metro cities in the nation, so it is a true honor to be ranked in the report consistently. Billings is also the only city to have made the top 10 for this quarter in the northwest.
The methodology to obtain the results for these reports evaluated categories in economic indicators for cities, such as unemployment rates, small businesses, property taxes, and wages. The report evaluated the real estate market for metro cities, including real estate supply and the market demand for real estate. The purpose of the Housing Market Index is to show homebuyers which markets have a strong return on their investment and are lovely places to live.
Billings is the only city in Montana to appear in the Wall Street Journal’s report. A true honor, to say the least!