Georgia Has One of Zillow’s Hottest Housing Markets
It’s a new year, and if you’re looking to buy a home this year, there are certain areas in the U.S. that are better to do so. As it turns out, Georgia has one of Zillow’s hottest housing markets. So, you don’t have to go far to find a steal on a home, if you’re looking to buy.
Before we get into our state, let’s look at overall housing trends for 2003. According to Zillow, “Home value growth slowed in 2023, fueled in large part by the highest mortgage interest rates seen since 2008.” They add that just “15 of the 50 largest markets are expected to see home values grow in 2024.” Also, “even the fastest-growing markets of 2023 are expected to see significant slowdowns in the year to come.”
The best housing market in all of America, according to Zillow, is Buffalo, New York. “Vaulting Buffalo to the top of the list are recent increases in the number of jobs created compared to the number of new homes construction projects being approved, as well as expectations for steady home values,” they explain.” The second place goes to Cincinnati, Ohio. That’s thanks to “its high market velocity – for most months of 2023, homes that went pending in Cincinnati did so in a median of just five or six days.” Columbus, Ohio; Indianapolis, Indiana; and Providence, Rhode Island found out the top five.
So, which Georgia town is one of Zillow’s hottest housing markets? It’s Atlanta, coming in at No. 6. It’s great to see us on this map. Perhaps this will drive more people to come to Georgia and discover its beauty and all it has to offer. Other towns in the top 10 included Charlotte, North Carolina; Cleveland, Ohio; Orlando, Florida; and Tampa, Florida. Find the entire list of the hottest housing markets in America according to Zillow here.
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