The 10 Hottest Housing Markets For 2017

Story written by Business Insider at A Real Deal 

If you’re looking to invest in real estate, look no further than Nashville.

The city is likely to be the hottest housing market in 2017, according Zillow, a real estate website, which offered its predictions for the 10 hottest housing markets of the year.

To come up with the ranking, Zillow looked for cities with “quickly rising home values, low unemployment rates and strong income growth.”

Zillow expects housing values to appreciate 3% in 2017, and western cities are likely to outperform the national average.

We present below Zillow’s list of top 10 hottest housing markets in 2017.

1. Nashville, Tennessee

Forecasted home value appreciation: 4.3%

Income growth: 1.1%

Unemployment rate: 4.0%

Source: Zillow

2. Seattle, Washington

Forecasted home value appreciation: 5.6%

Income growth: 1.0%

Unemployment rate: 4.4%

Source: Zillow

3. Provo, Utah

Forecasted home value appreciation: 4.3%

Income growth: 1.0%

Unemployment rate: 2.7%

Source: Zillow

4. Orlando, Florida

Forecasted home value appreciation: 5.7%

Income growth: 1.0%

Unemployment rate: 4.5%

Source: Zillow

5. Salt Lake City, Utah

Forecasted home value appreciation: 4.3%

Income growth: 1.0%

Unemployment rate: 2.8%

Source: Zillow

6. Portland, Oregon

Forecasted home value appreciation: 5.2%

Income growth: 1.0%

Unemployment rate: 4.8%

Source: Zillow

7. Knoxville, Tennessee

Forecasted home value appreciation: 4.4%

Income growth: 1.1%

Unemployment rate: 4.7%

Source: Zillow

8. Ogden, Utah

Forecasted home value appreciation: 4.7%

Income growth: 1.0%

Unemployment rate: 2.9%

Source: Zillow

9. Denver, Colorado

Forecasted home value appreciation: 3.6%

Income growth: 1.0%

Unemployment rate: 2.9%

Source: Zillow

10. Sacramento, California

Forecasted home value appreciation: 4.8%

Income growth: 1.0%

Unemployment rate: 5.2%

Source: Zillow

Posted by: The Trust Advisor

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