12 hottest housing markets of summer 2018
With the housing market facing a severe shortage of inventory nationwide, house hunters are snapping up the relatively few properties that are hitting the market.
A reliable predictor of upcoming home sales is the timing and frequency of mortgage applications in a market. Understanding the pace of this activity is helpful for loan officers, real estate agents, home improvement stores and other aspects of a local economy that benefit from these transactions.
With that in mind, here's a look at this summer's 12 hottest housing markets. The rankings are based on the Attom Data Solutions Pre-Mover Housing Index, which analyzes the volume of loan applications in a market to identify how many residential properties are about to be sold.
A value of 100 reflects the national average, with a reading over 100 indicating above-average mortgage application activity in that market. Percent differences reflect year-over-year changes.