01/04/2024
Super interesting article where Zillow is predicting BUFFALO NY will be 2024s HOTTEST MARKET! I didn't see that one coming. As much as I have my issues with Zillow (and their Zestimates :)) They are one of the biggest Real Estate Data companies. Between their ownership in Dootloop, Showing Time, FUB, and numerous other companies they definately have the data points.
They bases this prediction off looking at markets with solid economic fundamentals, relatively fast-moving for-sale housing inventory, plentiful likely buyers and expectations for stable home values. Forecasted annual home value appreciation in Nov. 2024
Forecasted acceleration in home value appreciation, Nov. 2023 – Nov. 2024. Listing days per home, Jan. 2023 – Nov. 2023
Two-year change in total non-farm employment per two-year residential building permit total Projected change in owner-occupied households, 2023 – 2024.
Any friends in the Buffalo New York area thinking about making the move to TX 2024 IS YOUR YEAR!
Zillow’s annual predictions for the hottest housing markets of the year. Factors include expected home value growth, projected change in owner-occupied households and job growth compared to new construction.