Nashville, Tenn. is making aplayfor the hottest housing market this year, heating up with a forecast of 4.3 percent home value appreciation, 1.1 percent income growth and a 4.0 percentunemploymentrate, according to Zillow’s 2017 10 Hottest Housing Markets list. The list, determined using data from Zillow’s Home Value Forecast, income growth and unemployment rates, assigned a ‘hotness score’ to the 100 largest metropolitan areas in the U.S, with Nashville ranking No. 1.
Music City U.S.A.—a departure from the West Coast hubs dominating the list—represents a shift in housing activity to mid-size cities inland, says Zillow ChiefEconomistDr. Svenja Gudell.
“Zillow’s 2017 list highlights thatjobsand opportunities are increasingly growing in smaller markets away from the coasts,” says Dr. Gudell. “Mid-size cities like Salt Lake City, Portland and Nashville are desirable places to live, with goodemployment opportunitiesand steadyeconomic growth. The growth and demand for housing will drive up home prices in 2017, and these hot markets are experiencing change as more people discover them.”
The full top 10 list:
Expected Home Value Appreciation: 4.3 percent Income Growth: 1.1 percent Unemployment Rate: 4.0 percent
Expected Home Value Appreciation: 5.6 percent Income Growth: 1.0 percent Unemployment Rate: 4.4 percent
Expected Home Value Appreciation: 4.3 percent Income Growth: 1.0 percent Unemployment Rate: 2.7 percent
Expected Home Value Appreciation: 5.7 percent Income Growth: 1.0 percent Unemployment Rate: 4.5 percent
Salt Lake City, Utah
Expected Home Value Appreciation: 4.3 percent Income Growth: 1.0 percent Unemployment Rate: 2.8 percent
Expected Home Value Appreciation: 5.2 percent Income Growth: 1.0 percent Unemployment Rate: 4.8 percent
Expected Home Value Appreciation: 4.4 percent Income Growth: 1.1 percent Unemployment Rate: 4.7 percent
Expected Home Value Appreciation: 4.7 percent Income Growth: 1.0 percent Unemployment Rate: 2.9 percent
Expected Home Value Appreciation: 3.6 percent Income Growth: 1.0 percent Unemployment Rate: 2.9 percent
Expected Home Value Appreciation: 4.8 percent Income Growth: 1.0 percent Unemployment Rate: 5.2 percent
Author:Ginger Eisenrod Phone: 561-706-2586 Dated: January 13th 2017 Views: 425 About Ginger: ...
View our latest blog posts in your RSS reader. Click here to access.
Buying or selling a home is one of the largest financial decisions you will make in your lifetime, and the Ty Fraley Home Team is the best choice of professionals to help you with your needs. We have been involved in hundreds of real estate transactions helping buyers and sellers realize their goals. Whether you are a first time buyer or a seasoned veteran, we’re here to help make this easy for you. We pride ourselves in listening to your needs and working together to get you exactly the results you want. We work with professionalism and integrity. In fact Ty Fraley is a chairman of the Professional Standards and Ethics Committee in the Palm Beach County Board of Realtors. If you want to be treated honestly and respectfully, you’ve come to the right team. We have many years of experience with waterfront property, country club golf communities, luxury condominiums, and family oriented neighborhoods. These times can be a very stressful, and we pride ourselves in removing you from the chaos. Whether you are moving from around the world or around the corner, we help guide you through the entire process. We also have a tried and true network of help, from financial planners to trustworthy contractors. Because we understand and care about you, you will never be a number with us. You are dealing directly with the owner and broker of Southeast Realty. The thing we find amazing ourselves is that over 80% of our business comes from referrals of past clients and repeat business. Our clients are welcomed into our family where we frequently keep in touch and are always available to you for any future questions you may have. It would be our honor to work with you, and we look forward to a long lasting relationship.