Strongest Housing Markets

The real estate market appears to be on the verge of a national stabilization in early 2017, according to Realtor.com in a recently published analysis. While the nationwide trend is one of commercial moderation, there are several metropolitan areas that seem likely to enjoy growth throughout the coming year.

There is some variation to be found from one market to the next; however, on the whole, these select cities are expected to enjoy average pricing growth of 5.8% and a 6.3 increase in overall sales. Compare this firstly to the projected 3.9% nationwide increase in home pricing, and secondly to home sale growth of 1.9% for a clear understanding of just how far ahead of the pack these markets appear to be.

The nation’s ten most promising real estate markets, as ranked by Realtor.com, are listed below.

  1. Phoenix, AZ
  2. Los Angeles, CA
  3. Boston, MA
  4. Sacramento, CA
  5. Riverside, CA
  6. Jacksonville, FL
  7. Orlando, FL
  8. Raleigh, N.C.
  9. Tucson, AZ
  10. Portland, OR

A major contributing factor in the anticipated strength of these ten markets is that of economic resilience. Each city listed above is home to a thriving business community which contributes to both continued population growth and the steady construction of new homes. As noted on Housing Predictor, “…a housing market is only strong if…the middle-class community can truly afford to buy into that real estate field.”

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