The Hottest U.S. Housing Markets | Waccabuc Real Estate

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Housing prices were up in May, and they are only expected to soar in the coming year. The housing market is hot, and that is a good thing for everyone. You can buy, sell, or invest to reap the benefits of the recovering market easily.
But this is not true everywhere. You only have to look at Detroit to see an example. Knowing where to get your foot into the housing market is important because some cities are doing better than others are.
san franciscoThe Best Cities for Housing Market Investing
1. San Francisco
San Francisco is the hottest housing market. The supply of homes in the city is plummeting, down as much as 80% since 2008. When supplies are down, people scurry to find a house, and they are willing to pay more for when they find one that meets their needs and wants.
People aren’t having trouble with paying more either because the state has a low unemployment rate of 6.5%, as of June. Home prices have gone up 24.5%, according to S&P/Case-Shiller Home Price Index, and they should continue to rise as much as 12.7% over the next year, projected by Veros Real Estate Solutions.
2. Los Angeles & San Jose
The boom in San Francisco has spread over to Los Angeles and San Jose too, and housing prices are expected to experience an 11.6% value increase and 11.1% increase, respectively, according to Veros.
3. Philadelphia
On the other side of country, Philadelphia’s housing market is heating up as well. Houses are bought within 30 days of listing date – an incredible selling rate.


Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » The Hottest U.S. Housing Markets | Waccabuc Real Estate

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