From Time Magazine:

Zillow’s analysis predicts that the Midwest, the Great Lakes region, and the South have the hottest housing markets of 2024 for homebuyers, based on expected home value growth, stability of home prices, and local job markets. The top ten cities with the hottest housing markets include Buffalo, Cincinnati, Columbus, Indianapolis, and Providence.

These markets are expected to attract buyers due to stable home values and local job markets, with diverse economic factors contributing to their desirability. While there may still be affordability challenges, it’s anticipated that elevated mortgage rates and record-breaking home prices could cool, providing some relief to homebuyers.

The full list of cities with the hottest housing markets this year includes Buffalo, Cincinnati, Columbus, Indianapolis, Providence, Atlanta, Charlotte, Cleveland, Orlando, and Tampa. Zillow’s analysis is based on a range of factors, including forecasts for home value growth, housing market activity, labor market changes, home construction activity, and existing homeownership.

Every Saturday, Money provides engaging real estate news for homeowners, buyers, and daydreamers. More stories from Money include a 2024 checklist, housing market predictions, and insights into expected home price and mortgage rate trends.



Read more: The Hottest Housing Markets in 2024, as Predicted by Zillow