Another year, the Sun Belt dominates Zillow's list of hottest housing markets. In the United States, Tampa is anticipated to lead.
Two North Carolina cities have shot to the top of the list
Austin, last year's hottest market, dropped to tenth.
New York, Milwaukee, San Francisco, and Chicago will be the coolest housing markets in 2022, but sellers will still win.
The housing market is anticipated to continue to be hot in 2022, with many of the same dynamics that propelled it to record heights this year continuing in place. There can be only one Number One – and Zillow predicts Tampa to be it, with a series of relatively affordable and fast-growing Sun Belt markets following closely behind.
Why is North Carolina so hot?
A strong anticipated house value growth, excellent economic fundamentals including high job growth, fast-moving inventory and plenty of potential buyers are what propelled Charlotte and Raleigh to the top of this year's list. These North Carolina markets have historically been resistant to rising mortgage rates and a weakening stock market, two potential threats to this year's housing market.
Are you noticing these trends in your market? Leave a comment below or discuss with a colleague in one of our upcoming classes!