10 Hottest Housing Markets in 2017
December 20, 2016 1:09 PM
While the housing industry is bracing for a slight cool down in 2017, and even in some of the most popular markets, price growth and sales could decelerate thanks to higher mortgage rates. Still, the strength of local economies and population growth are expected to fuel notably high levels of the demand in some metropolitan areas across the country. These top markets can expect to see average price gains of 5.8% and sales growth of 6.3%, according to the National Association of Realtors, versus the nationwide growth figures of 3.9% and 1.9%, respectively. Here are the 10 housing markets that are expected to top the country in terms of sales and price growth in 2017, as identified by the National Association of Realtors.
No. 10: Portland-Vancouver-Hillsboro, Ore.-Wash.
Expected Price Growth: 6.6% Expected Sales Growth: 5.0%
No. 9: Tucson, Ariz.
Expected Price Growth: 6.1% Expected Sales Growth: 5.5%
No. 8: Raleigh, N.C.
Expected Price Growth: 4.2% Expected Sales Growth: 7.6%
No. 7: Orlando-Kissimmee-Sanford, Fla.
Expected Price Growth: 5.7% Expected Sales Growth: 6.1%
No. 6: Jacksonville, Fla.
Expected Price Growth: 4.8% Expected Sales Growth: 7.0%
No. 5: Riverside-San Bernardino-Ontario, Calif.
Expected Price Growth: 5.0% Expected Sales Growth: 6.9%
No. 4: Sacramento-Roseville-Arden-Arcade, Calif.
Expected Price Growth: 7.2% Expected Sales Growth: 4.9%
No. 3: Boston-Cambridge-Newton, Mass.-N.H.
Expected Price Growth: 6.1% Expected Sales Growth: 6.3%
No. 2: Los Angeles-Long Beach-Anaheim, Calif.
Expected Price Growth: 6.9% Expected Sales Growth: 6.0%
No. 1: Phoenix-Mesa-Scottsdale, Ariz.
Expected Price Growth: 5.9% Expected Sales Growth: 7.2%
