From Dow Jones & Company:

Buffalo, New York is expected to be the hottest housing market this year, according to a new report from Zillow. The city rose to the top of the list due to relatively cheap homes and strong job prospects, with a typical home currently valued at $248,445. Buffalo has the highest number of jobs per new housing unit among all 50 cities measured, indicating expected demand for housing and rising home prices. The federal designation as a technology hub and planned federal funding for semiconductor manufacturing are additional factors driving growth in the area.

Other ‘hot’ housing markets of 2024 include Cincinnati and Columbus, Ohio, and Indianapolis, with affordable homes and quick inventory turnover attracting buyers. Midwestern cities have dominated real-estate lists due to affordable homes, strong employment, and, in some cases, a slower pace of life. Last year’s hottest housing market, Charlotte, N.C., fell to seventh place in 2024.



Read more: Wintry Buffalo, N.Y., is 2024’s hottest real-estate market, Zillow says