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The top 10 hottest housing markets are expected to be spread across the South, Northeast and Midwest this year, according to an analysis by real estate marketplace Zillow. But a “hot” market isn’t always great for would-be buyers.
Buffalo, New York, made the top of the list, as the area is slated to see increased job growth compared with the number of approved construction permits for new homes.
“In markets where you’re going to have a ton more job creation than there is housing supply, you’re likely going to see homes move faster, stronger home value appreciation,” said Orphe Divounguy, a senior economist at Zillow.
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Here are the top 10 hottest housing markets in 2024 — and why you may consider other options.
The top 10 hottest housing markets are expected to be spread across the South, Northeast and Midwest this year, according to an analysis by real estate marketplace Zillow. But a “hot” market isn’t always great for would-be buyers.
Continue Reading on CNBC HERE!
‘Housing affordability is reshaping migration trends,’ economist says. Here’s where people are moving.
With high mortgage rates and home prices, would-be buyers are understandably looking for deals — even if they have to move to a different city, state or region to find them.
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Paying rent usually won’t boost your credit score. Here’s what renters need to know to make it count.
While rent payments do not traditionally affect your credit, a growing number of so-called rent-reporting services are trying to change that.
These services track users’ rent-paying habits and report them to one or more of the big credit bureaus .
Continue Reading on CNBC HERE!
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‘Housing affordability is reshaping migration trends,’ economist says. Here’s where people are moving
With high mortgage rates and home prices, would-be buyers are understandably looking for deals — even if they have to move to a different city, state or region to find them.
Last year, consumers moving interstate tended to pick new metropolitan areas where housing costs and competition are less severe, and construction is keeping up with demand, according to a recent Zillow Group analysis of United Van Lines data.
Homes in those consumers’ new metros cost $7,500 less, on average, compared to the places they left.
“Housing affordability has always mattered...and you’re seeing it across the country,” said Orphe Divounguy, a senior economist at Zillow. “Housing affordability is reshaping migration trends.”
The 10 metros where people are moving
The search for affordability has led a strong migration flow into states like Florida, North Carolina, South Carolina, Tennessee and Texas, said Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors.
Cities in the Zillow analysis showing the most inbound moves include Charlotte, North Carolina; Providence, Rhode Island; Indianapolis, Indiana; Orlando, Florida; and Raleigh, North Carolina, according to the Zillow analysis.
The real estate market is facing a low supply of active listings; while builders are trying to fill the gap, they can only do so in areas where it is financially feasible for both buyers and builders.
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LevelUp Real Estate is more than just a platform; it's a community dedicated to elevating every member's investment journey. From our base in Ponte Vedra, Florida, we're here to make a significant impact on the real estate world. For inquiries, reach out to us at
About Us
Business
About Titleton
90 Fort Wade Rd, Ste # 300
Ponte Vedra, Florida 32081
Tel. +1 904 310-0232
info@leveluprealestate,com
© 2024 LevelUp, LLC. All rights reserved.