Top 10 Markets for 2015
The New Year is the best time to think about what’s on the horizon in all industries: fashion, art, music, global politics, and, real estate, to name a few. We admit, it got us kind of amped when, last month, Realtor.com® Chief Economist Jonathan Smoke shared his top ten markets for 2015. Each one landed on the list because it has a combination of elements that make it ripe for big growth in the coming year. Some markets are in high demand inventory-wise, some have strong job markets, and others are drawing millennials. We’ve summed them up tidily for you.
Is your town on the list?
THE TOP TEN HOUSING MARKETS FOR 2015
Atlanta, GA – household growth and home sales growth
Dallas, TX – household growth and volume of home sales
Denver, CO – growth in home sales and demand exceeding supply
Des Moines, IA – millennial share of households and millennial household growth
Houston, TX – household growth, employment, and volume of home sales
Los Angeles, CA – household growth and volume of sales
Minneapolis, MN – millennial home owner growth and growth in new construction
Phoenix, AZ – income growth and growth in new construction
San Jose, CA – income growth and demand exceeding supply
Washington, DC – household growth and demand exceeding supply
For more detailed information (we’re talking really detailed information) on Jonathan Smoke’s predictions, peep this video on Realtor.com.