Zillow Says 2020’s Hottest Markets Will be in the South

Housing markets in the U.S. South will perform the best in 2020, this according to a panel of economists and real estate experts recently surveyed by Zillow.  In addition, the assembled experts predicted home values will grow by 2.8% in 2020.  Zillow says this markets at the top of the list offer affordability and amenity-rich communities that appeal to younger adults.  Indeed…

“Having subjected buyers to a crucible of fierce competition for multiple years, many West Coast markets hit an affordability ceiling that set off declining home values in the most expensive of these,” said Skylar Olsen, Zillow’s director of economic research. “Indeed, this price correction — a clap back from having appreciated with too much exuberance in the recent past — pushes many previously hot markets to the bottom of our experts’ list.”

U.S.
Metropolitan
Area

Share Expecting
Market to Outperform
National Average

Share Expecting
Market to Perform
About the Same as
National Average

Share Expecting
Market to
Underperform
National Average

Net
Score

Atlanta

63%

25%

12%

+51

Austin

83%

10%

7%

+76

Charlotte

59%

41%

0%

+59

Cincinnati

12%

42%

46%

-33

Columbus

21%

46%

33%

-12

Dallas

49%

36%

15%

+34

Denver

55%

23%

22%

+33

Houston

32%

46%

22%

+10

Jacksonville

36%

40%

24%

+12

Las Vegas

41%

24%

36%

+5

Los Angeles

20%

25%

55%

-35

Miami

29%

34%

37%

-8

Minneapolis

23%

58%

19%

+4

Nashville

59%

31%

10%

+49

Oklahoma City

18%

48%

34%

-16

Phoenix

46%

42%

12%

+34

Portland

31%

40%

29%

+2

Riverside

21%

32%

47%

-26

Sacramento

21%

28%

52%

-31

San Antonio

44%

44%

12%

+32

San Diego

25%

37%

39%

-14

San Francisco

24%

12%

64%

-40

San Jose

23%

16%

61%

-38

Seattle

40%

21%

40%

0

Tampa

38%

53%

9%

+29

 

Click here to read the full report at Zillow.com.

 

 

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