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SEATTLE, Jan. 4, 2022 /PRNewswire/ — The most well liked housing market of 2022 can be Tampa, in step with a original Zillow® evaluation. Rounding out the head five are Jacksonville, Raleigh, San Antonio and Charlotte in what’s anticipated to be one other sizzling Twelve months for housing all over the Solar Belt.
Zillow economists ask the housing market to assist off upright a little bit from a fable-breaking tempo in 2021, but home purchasers taking a gape in the 10 most well liked markets are inclined to face solid competition, rising costs and tiny inventory which can be snatched off the market swiftly. Tampa tops Zillow’s checklist of most well liked housing markets attributable to a mixture of solid forecasted home charge notify, a thriving job market, comparatively scarce and fleet-bright inventory, and demographics that time to a upright various of doable merchants.
“Home merchants are in markets in the Solar Belt that provide relative affordability, fleet-rising economies and weather that permits them to thrill in the outdoor Twelve months-spherical,” says Zillow economist Alexandra Lee. “Across the board, sellers will live in the driver’s seat, but especially so in the freshest markets. Buyers ought to nonetheless be ready for solid competition for properties, which implies bidding wars and properties flying off the market excellent days after they’re listed.”
Zillow’s 10 most well liked housing markets of 2022:
- Tampa
- Jacksonville
- Raleigh
- San Antonio
- Charlotte
- Nashville
- Atlanta
- Phoenix
- Orlando
- Austin
With the colossal millennial technology’s pent-up desire to cross now being fulfilled as it ages into its peak home-buying years, on the side of the wave of toddler boomers coming into retirement amid the “Nice Resignation,” Zillow economists ask incredibly solid set apart appreciation and sales volume to proceed into next Twelve months — forecasting 14.3% nationwide home charge notify by procedure of November 2022. Every of the head 10 most well liked metros are anticipated to exceed that, with Tampa home values predicted to grow 24.6% throughout that time.
Work will play a key role in bright decisions next Twelve months — for distant and on-location personnel alike — and a solid labor market has factored into Zillow’s most well liked markets checklist, as effectively. With more versatile work opportunities and a recuperating labor market, many areas experiencing high query for housing are moreover seeing elevated local job notify. Six of the 10 markets on Zillow’s checklist delight in added more jobs than original properties over the last two years, intensifying the competition anticipated in these markets.
Final Twelve months’s most well liked market, Austin, fell to No. 10 this Twelve months, whereas Denver, perfect Twelve months’s fifth-most well liked market, fell to 15th. Outdoors of the Solar Belt, the freshest markets are anticipated to be in the Midwest. Salt Lake Metropolis (13th overall), Kansas Metropolis (14th), Oklahoma Metropolis (16th) — which is as soon as in a while conception to be a Solar Belt city counting on where the border is drawn — Columbus (17th) and Indianapolis (18th) upright overlooked making the checklist.
The coolest markets out of the 50 most attention-grabbing U.S. metro areas are anticipated to be Novel York, Milwaukee, San Francisco, Chicago and San Jose. But in this day’s supercharged housing market, merchants shouldn’t basically ask screaming presents in even these cooler markets. Home values are forecasted to grow by on the least 10% over the following 12 months in all metros other than San Francisco (9.9%).
Compare methodology
Zillow analyzed the 50 most attention-grabbing U.S. metro areas to forecast the freshest, or most aggressive, housing markets of 2022. The evaluation comprises anticipated home charge appreciation from November 2021 to November 2022, the predicted change in home charge appreciation from 2021, the waft of for-sale inventory, an estimate of the accumulate original various of home-owning households in step with fresh demographic trends and original jobs per original housing unit well-liked.
About Zillow Team
Zillow Team, Inc. (NASDAQ: Z and ZG) is reimagining right property to produce it more uncomplicated to release lifestyles’s next chapter. As the most visited right property web location in the US, Zillow® and its mates provide possibilities an on-query trip for selling, buying, renting or financing with transparency and ease.
Zillow Team’s mates and subsidiaries contain Zillow®, Zillow Offers®, Zillow Premier Agent®, Zillow Home Loans™, Zillow Closing Services™, Zillow Homes, Inc., Trulia®, Out East®, ShowingTime®, Bridge Interactive®, dotloop®, StreetEasy® and HotPads®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org).
SOURCE Zillow
