I was scanning the articles in the MReport and this one caught my eye. I full expected Atlanta to be among the 7 Hottest Housing Markets. We have tremendous job growth already taking place, with so much more on the horizon. To my surprise we were not in this category. Same that were are not surprising but Nashville, TN was the only city included east of the Mississippi!
The 7 Hottest Housing Markets in the U.S.
With the national economy on cruise control, it might be easy to forget that some markets are clearly hotter than others. The latest look at “sizzling” markets from John Burns Real Estate Consulting finds seven high-demand, high-potential markets in the U.S. at the dawn of Q2. All but one are west of the Mississippi.
Escalating home prices aside, Seattle is the hottest market in the U.S. right now, according to the report. For one thing, there’s Amazon; for another, there’s Microsoft. For a third, there’s business in general. Thirty-one publicly traded companies in Seattle have seen their shares increase 51 percent, year-over-year. Homes in the Emerald City have gained 15 percent on resale, year-over-year as demand and competition remain high. “Seattle also possesses less than one month of supply, the lowest of all markets,” the report found.
A close second is Dallas, with a pro-growth attitude, no income taxes, and 2.4 percent year-over-year job growth. Competition for houses in Dallas is so high, Burns reported, that demand has “helped push home prices 65 percent above prior peak levels.”
Although we didn’t make it into the top 7 in the US, we still think Northeast Georgia is a great place to call home. If you are considering buying or selling a home Contact Us, and lets discuss how we can help you. Our job is to take your stress out of buying or selling a home.