Here are the hottest single-family housing markets
Online real estate marketplace Auction.com has revealed where all the action is for single-family housing this Spring.
According to its rankings, Denver, San Antonio, Nashville, Fort Lauderdale and Dallas comprise the top five.
These were ranked according to home price growth and home sales growth, respectively: Denver with 9.2% and 4.6%; San Antonio with 4.3% and 5.5%; Nashville with 6.2% and 4%; Fort Lauderdale with 7.8% and 2.3%; and Dallas with 7.3% and 5.5%.
Overall, the Southwest is the strongest region in the U.S., where local economies are strong and population growth is providing demand for housing.
Among the qualifiers Auction.com looked at were rising home prices, affordability, demand, and the existence of economic and demographic conditions that will lead to sustained future demand.
“As the U.S. housing market has continued to recover from the Great Recession, we’ve seen significant regional variances in terms of both price appreciation and sales volume,” said Auction.com executive VP Rick Sharga. “Earlier in the recovery, most of the growth came from markets that had suffered the biggest declines during the housing bust, but what we’re seeing today is more in line with fundamental economic trends: markets with the best job growth and population growth are recovering most quickly.”