2016’s Hottest Real Estate Markets By Norma Mirsky
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2016’s Hottest Real Estate Markets
By Norma Mirsky
Providence, RI
• Providence is tied with its neighboring Boston, so Boston doing well means Providence does well too.
St. Louis, MO
• Declining inventory, rising demand and strong employment and median wage growth mean home prices are expected to jump in St. Louis next year.
San Diego, CA
• The housing market is hot, and expected to get even hotter in 2016.
Sacramento, CA
• A lowering unemployment rate and above-average household growth means the economic picture looks very good here.
Atlanta, GA
• 2015 has been a big year for Atlanta’s housing market.!
• 2016 is expected to be even better.
New Orleans, LA
• Fast-moving inventory.!• Housing market has
recovered significantly in the 10 years since Katrina.
Memphis, TN
• The housing market has started to take off.!
• Substantial growth is expected into the upcoming year.
Charlotte, NC
• The labor market has been improving here.!
• The financial industry is sturdy, and the professional and business service sector has been growing.
Virginia Beach, VA
• The threat of defense cuts has been reduced, so the military-heavy region is expected to be blessed with a good housing market.
Boston, MA
• Homes sell fast here, and this trend seems to be continuing.
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