Zillow recently released their list of what they believe will be the ten hottest real estate markets of 2024. Leading the list this year are Buffalo, Cincinnati and Columbus. Zillow says affordability is the most powerful force driving real estate, bringing lower-cost markets in the Great Lakes, Midwest and South regions to the top of Zillow’s 2024 rankings.
“Housing markets are healthiest where affordable home prices and strong employment are giving young hopefuls a real shot at buying and starting to build equity…I’m cautiously optimistic that the housing market will get back on stable footing in 2024 — we shouldn’t see the massive price spikes of the early pandemic or fast-rising mortgage rates of recent years.” Said Anushna Prakash, data scientist for Zillow Economic Research.
Click here to read the full report.
