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The 20 Hottest Housing Markets Right Now

Realtor.com just released its hottest market list. Compiled from June data, Realtor.com studied listing searches in each U.S. market along with supply, demand and prices.

The list revealed surprises. For the first time in six years, California markets did not rank in the top five.

“California is not as hot as it was. It’s because of low inventory and median home prices in some areas that are close to a million dollars,” explains Realtor.com’s Chief Economist Danielle Hale. “We are seeing people looking elsewhere to less expensive areas,” Hale adds.

The markets hitting three sweet spots—limited supply, strong demand and prices rising made the hottest market list. Days on Market (Realtor.com calls it Median Age of Inventory) is a key indicator determining a market’s health. That number averaged only 34 days in Realtor.com’s top 20 markets nationwide.

 

Read Full Article [www.forbes.com]

The post The 20 Hottest Housing Markets Right Now appeared first on B2B Labs.

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Known for wearing plaid and sweater vests before they were popular, Ben Bradley is managing director of Macon Raine, Inc. (www.maconraine.com) - a management consulting, marketing and demand generation firm for technology organizations. He is a graduate of the University of Iowa and was a member of the undergraduate Iowa Writer’s Workshop. His interests include the intersection of technology and marketing. Because he was never very good at sports and doesn’t have many hobbies, his primary interests include the role of marketing on internal technology adoption, micro-finance, military uses of technology and media, self-organizing networks, network and physical security, collaboration and groupware. He frequently lectures his children on a variety of topics. Bradley was raised in Wheaton, Illinois and currently resides in Glen Ellyn, Illinois with his wife, two children and a purebred Latvian Goathound named Stella.