Top Single-Family Housing Markets
As the economic recovery has strengthened, the US housing market has emerged from the slowdown during late 2013 and early 2014, when a too- fast run up in prices and unusually harsh weather significantly stunted sales. Recent housing indicators have been stronger but the recovery remains a grinding one, and we continue to expect the recovery to be choppy, especially amid a still-falling homeownership rate.
In this report Auction.com Research highlights the “hottest” major single-family markets based on current and expected future housing fundamentals, using a variety of measures. Of the 49 largest US markets, the five currently sitting on the top of the rankings have displayed consistently strong demand, home price appreciation, and economic and demographic growth.
Five Hottest Single-Family Markets
This report details the five single-family markets that earn the designation “hot”. These hot markets scored as the top five out of the 49 largest US housing markets in a process that gauges the strength of each single-family market across multiple measures, both current and our expectations for the next several years. The five hottest US single-family housing markets are: Denver, San Antonio, Nashville, Fort Lauderdale and Dallas, in that order. Three of these five markets are located within the Southwest region, while two of these are located in the Southeast. The two Texas markets garnered top ratings despite the cloud looming over the state from the decline in oil prices. Fort Lauderdale is noteworthy because it was a poster child for the housing bust. Nashville is one of the faces of the new South, driven by education and health services, tourism and a vibrant downtown that is attractive to millennials.
Single-Family Heat Map Visualization of the Largest US Housing Markets
Our heat maps are a visual depiction of the current situation and outlook for the each of the top US single- family markets. The boxes representing each major US metro are sized by population. The boxes are color coded from dark green=strongest to dark red=weakest. The overall coloration of the heat map provides an overview of the segment. The generally pale green coloration of the heat map reflects the continued, albeit choppy, improvement in the single family housing market, with the blotches of red indicating that several markets remain laggards.
Published In: Auction.com