The housing market is moving ahead, with both buyer activity and property prices on the upswing. The listing inventory is growing faster than ever, especially in certain cities. If you’re looking for homes for sale, some of the following cities could be great options for you and your family. Although each city is experiencing unprecedented growth for different reasons, the thousands of new homeowners flooding these areas can’t all be wrong! Read on to learn about some of this year’s hottest real estate markets.
Many of the hottest real estate markets are currently located throughout California. The state is dominating the up and coming real estate market because of its tight supply of homes and economic-powered growth in demand. One of the growing cities is Oakland, a blue-collar city comprised of the posh surrounding suburbs of San Francisco. The city is growing quickly since it is more affordable than the rest of the Bay Area. Its growth can also be attributed to the booming, high-paying tech industry in the area. Other popular areas in California include Hayward, Santa Cruz, San Diego, and Carlsbad.
Fort Worth, Texas
Like most other cities in Texas, prices of homes for sale in Fort Worth have stayed stable throughout the boom and bust years. Prices have stayed stable due to cheap home building and a strong economy. There is lots of available land, keeping property costs low. The current boom in this market can be attributed to the recent moves of many major businesses. Although the airport has always kept jobs stable in the area, Amazon, Motorola, and Wal-Mart have all recently opened or are opening new facilities in the area.
New Orleans, Louisiana
New Orleans has been rebuilding since Hurricane Katrina, and as people return, buyer demand has increased. Although prices are increasing, there is still plenty of room for the market to grow. The median home price remains well below the national average, making it affordable for homeowners to move to the Big Easy. The city is also a great option for retirees looking for warmer weather.
Houses for sale Albemarle County VA have run at a steady price in Virginia’s capital for the last few years. The housing market in the area is helped by a diverse economy, which includes a mix of financial, government, education, and manufacturing jobs. The unemployment rate is also below the national average. As a result, the area appeals to buyers and has begun to take off.
Hartford’s real estate upswing can be attributed to being home to some of the nation’s biggest insurers, like UnitedHealth Group and Aetna. As these companies expand, they bring jobs to the area, meaning continued growth for the city. Household incomes are pretty high, but the area’s median home price is reasonable.
No matter where you choose to live, if you do your research and carefully consider the pros and cons of each city, you’re sure to be able to find a property you like.