America’s hottest emerging housing markets

The Wall Street Journal and Realtor.com Index revealed America’s hottest emerging housing markets in 2021. These metro areas have strong housing demand and rising prices as well as healthy economies, many high-paying jobs and desirable amenities.

EXODUS FROM CALIFORNIA, HIGH-TAX STATES DRIVING UNPRECEDENTED REAL ESTATE BOOM

“We took a lens… to what the communities across America today embody in terms of diversity, economic strength and just as importantly, quality of life,” Realtor.com senior economist George Ratiu said on FOX Business’ “Mornings with Maria.” “It seems that the pandemic has led a lot of us collectively to reevaluate our priorities.”

Here are the top five of America’s hottest emerging housing markets, according to the WSJ and Realtor.com:

COEUR D’ALENE, IDAHO

Ratiu said Coeur D’Alene got the number one spot for being abundant in space and having a “solid local economy.”

“It has quality of life amenities in spades — from, obviously, the ski resorts, the lake, the natural attractions, a different pace of life,” he said.

He added the city has “much more affordable housing, comparatively speaking,” which is very important for people who are relocating to the area.

AUSTIN, TEXAS

Ratiu called Austin a “pioneer” in the movement of big-name companies relocating.

“We’re seeing tech companies after they basically ran out of space — literally and figuratively — in Silicon Valley and Seattle, they are looking to meet talent in much more affordable places because they found out that it’s unaffordable in those markets,” he said.

Ratiu praised the Texas city for successfully navigating this and said many other U.S. cities are looking to Austin as a model.

SPRINGFIELD, OHIO

Ratiu said residents moving from the West Coast to new regions are looking for a change — including price, space and even pace of life.

“Some housing markets are still doing better than others, and are likely to remain the places to be even when the worst of the pandemic has passed,” according to Realtor.com.

BILLINGS, MONTANA

Ratiu pointed to age as a significant factor in these real estate trends.

“What we’re seeing right now is first-time buyers are really feeling the pressure,” he said. “We have 4.8 million millennials turning 30, coming of homeownership age and embracing it, for the next three years in a row. That’s a tremendous positive tailwind.”

SPOKANE, WASHINGTON

Ratiu said while low supply has pushed housing prices “really high,” good news is coming.

“Sellers are looking to list. Over 10% of homeowners in America today are planning to list in the next year,” he said. “So I think that we are going to see a boost to supply, which should moderate the steep price growth.”

Source:-

RSS Latest Press Release

  • Smart Toilet Market Size to Reach $15181.4 Million by 2027
    Global Smart Toilet Market is valued at USD 7452.1 Million in 2020 and Anticipated to reach USD 15181.4 Million by 2027 with a Growing CAGR of 10.7% over the forecast period. Global Smart Toilet Market: Global Size, Trends, Competitive, Historical & Forecast Analysis 2021-2027, Rising adoption of innovative hygiene technologies such as UV lighting, supportive […]
  • Ideal Keepsake Boxes Add an Extra Touch to Saving Beautiful Memories
    Dallas, TX: November 29, 2021 – Family business Wayfaren is delighted to announce the release of its beautifully understated Keepsake Boxes - an ideal gift for loved ones to safely store treasured memories.   Their Keepsake Boxes, available in either maple or walnut, are thoughtfully designed and meticulously crafted for those who don't want to sacrifice style […]
  • Guru Printers Provides Exceptional Service in Sheet Labelling
    Los Angeles: November 29, 2021 – When it comes to branding your business in the right way, Guru Printers have developed a series of eye-catching solutions to enable companies to stand out from competitors.   With over a decade of printing experience, the Los Angeles-based company has created a robust line of printing services to meet […]
  • Plasterfix Australia Delivers Professional Plaster Solutions for Home and Business
    Alexandria NSW – Plasterfix Australia has increasingly become the go-to plastering services company for businesses and homeowners who are looking for a professional and perfect finish.   Plasterfix is anchored by the skills of master craftsman Pedro Pires, who has been honing the craft of plastering for 30 years. He learnt from his father, who passed […]