These hot housing markets are where demand for housing is not matched by supply, says Kara Ng, senior economist at Zillow. Competition among buyers is fierce.
Buffalo is expected to be the hottest market for the second consecutive year because it offers relative affordability, and housing supply there is limited, Ng explains.
Buffalo has the most new jobs per new home permitted-a key component that's kept Buffalo at the top of the list for two years running, along with expected appreciation.
Zillow forecasts that home values will rise by 3.4% in Indianapolis in 2025. This city is expected to see houses appreciating faster than typical US homes.
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