Mortgage and real estate professionals are gearing up for a consequential home buying season this year. As rising interest rates continue to cut into demand for refinance mortgages, lenders are looking to purchase loans to close the gap. Meanwhile, home prices continue to grow at an accelerated pace, raising concerns about affordability and housing supply.
From Seattle to Tampa, here's a look at the 15 hottest residential real estate markets of spring 2017. The rankings, by online real estate marketplace vendor Ten-X, take into account pricing, sales, affordability, permit activity, economic and demographic growth, as well as forward-looking data like economic forecasts and population trends. Each slide details year-over-year changes in seasonally adjusted median prices of existing homes and seasonally adjusted annual rate of existing home sales for the fourth quarter of 2016.