If they weren’t sure before the summer, real estate experts can all agree on one thing. The “housing crisis” and it’s huge effects on the real estate market are far behind us now, and the ripples that the big 2007-2009 meltdown exerted on market economics have finally subsided.
Since spring of 2015, real estate sales have climbed, especially in the nation’s hottest markets. So here’s a look at the hottest real estate markets right now.
20 Hottest Real Estate Markets
#1 Waco, Texas
The #1 spot on this list might surprise you, but Waco’s title as the hottest market in the U.S. wouldn’t surprise the Texas City’s locals. Waco fans enjoy a convenient geographic location, an affordable quality of life, and great universities that have boosted Waco’s desirability rating.
#2 New Orleans, Louisiana
Since Hurricane Katrina, the Big Easy has rebounded in a big way, and retaken its throne as one of the most vibrant artistic and cultural hubs in the country.
#3 Ann Arbor, Michigan
Just like Waco, Ann Arbor’s hot place on this list signifies America’s re-found romance with medium sized towns that provide big opportunities.
#4 Denver, Colorado
The Mile High city is one of America’s fastest growing major metropolises, besides a favored spot for vacationers.
#5 Santa Rosa, California
Who doesn’t love Wine Country? Santa Rosa is one of the most affordable cities in the Bay Area, and a huge destination for relocating families.
#6 Fort Wayne, Indiana
Another “wild card pick” in some eyes. One look at the crazy short sales in Fort Wayne proves beyond a doubt that it belongs here.
#7 Vallejo, California
Another medium sized Bay Area city with a lot of cheaper housing than some areas in the California Metropolis, Vallejo has a lot to offer prospective buyers.
#8 San Diego, California
Picturesque weather and a beautiful city make San Diego a perennial favorite destination, and housing markets reflect that desirability.
#9 Columbus, Ohio
The former “rust belt” is coming back in a big way, and Columbus has transformed itself from a crumbling industrial giant to a cultural center.
#10 Detroit, Michigan
Detroit’s tremendous and well-publicized fall as an industrial juggernaut hasn’t kept away young artists and professionals, who still see tremendous potential in the city.
#11 Manchester, New Hampshire
Long considered by locals to be New England’s best kept secret, Manchester has recently drawn legions of people searching for a new home in a community with a relatively low cost of living.
#12 Boston, Massachusetts
With its world-class universities and sporting teams, Boston has a lot to offer, which is reflected by its vitalized housing market.
#13 Austin, Texas
The mood in Austin is crazy and vibrant these days, which is attractive to young artists and others who are eager to settle in the beautiful state of Texas.
#14 Boulder, Colorado
Another hot Rocky Mountain destination, Boulder’s scenic beauty and relatively diverse economy have boosted its desirability.
#15 Springfield, Illinois
This historic city’s position as the state capital of Illinois has kept its economy bustling, which is drawing new residents who are seeking a city with rich attractions and great jobs.
#16 Charleston, West Virginia
Charleston is one of many cities proving that the South is undergoing an Urban Renaissance.
#17 Pittsburgh, Pennsylvania
Like Columbus, Pittsburgh has successfully transformed itself from a former industrial power to a bustling modern cultural capital.
#18 Tampa, Florida
Beautiful scenery and weather in the midst of a city that’s culturally stimulating that has a thriving economy makes Tampa a city that regularly appears on lists of hot real estate markets.
#19 College Station, Texas
On the whole, Texas has seen sizable economic growth in the aftermath of the recession, and College Station is one of the cities leading the pack.
#20 Lansing, Michigan
A huge number of homes for sale in Lansing hasn’t hurt its hot market ratings, as a multitude of potential buyers are attracted to this city.
What Makes Tampa Special?
Tampa is one of the markets we serve, so we are excited that Tampa is again listed as one of the top real estate markets.
Tampa is consistency ranked as a hot real estate market for numerous reasons, including its successful sports teams, beautiful weather, thriving business atmosphere, cultural attractions, diversified economy, a vibrant real estate investment market.
Whether you are a Realtor, homebuyer, homeowner, or real estate investor, we would appreciate the opportunity to help with your mortgage needs. Please contact us when you get a chance, so that we can start working together soon.
Source: 2014’s 10 Hottest Housing Markets Still Sizzling
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