Here are the top 10 hottest housing markets in 2024 — and why you may consider other options
Publishing timestamp: 2024-01-23 12:45:46
Summary
According to analysis by Zillow, the top 10 hottest housing markets in 2024 are expected to be spread across the South, Northeast, and Midwest regions of the United States. These markets are characterized by strong job growth and limited housing supply, leading to faster home sales and appreciation in home values. However, a "hot" market does not necessarily indicate market health, and affordability is an important factor to consider. Some areas, such as New Orleans, San Antonio, Denver, Houston, and Minneapolis, are expected to see a decline in home values and be less competitive. Baby boomers are attracted to warmer, tax-friendly areas for retirement, while millennials are entering their prime homebuying age and may be seeking employment opportunities or the ability to work remotely in new areas.
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Keywords: real estate, denver, minneapolis, housing, new orleans, personal loans, zillow group inc, charlotte, cincinnati, atlanta, tampa, providence, indianapolis, san antonio, business news, orlando, affordable and low income housing, houston, mortgages, buffalo, personal finance,
Source: https://www.cnbc.com/2024/01/23/here-are-the-10-hottest-housing-markets-in-2024.html