Realtor.com & the Wall Street Journal recently released their Emerging Housing Markets Index for Summer 2022 which identifies markets they believe will be good areas to purchase a home for both homeowners and investors. To get their index, they used a slate of housing market, economic vitality, and quality of life metrics to identify emerging housing markets for the largest 300 metropolitan areas in the United States. As can might suspect, inventory is an ongoing critical issue.
“The good news is that the feverish pace of the 2021 market is behind us, and we are seeing markets move toward more balance, in line with historical trends. However, we don’t have enough homes for all the people who need them, following over a decade of underbuilding.”