Zillow's hottest housing markets. How's your area?
This ties in with another post I have about how the deals seemed to have dried up in Richmond, Va. Just this morning, I saw on the news that RVA is the 4th hottest housing market in the counry for 2016, according to Zillow. From my recent experience, I think they got at least my market correct. What is the trend in your area, hot or not so much?
From Zillow:
"Three variables influenced Zillow's hot market predictions: Zillow's Home Value Forecast, which forecasts the change in the Zillow Home Value Index over the next 12 months, recent income growth, and current unemployment rates. Those three variables were then scaled and combined to form a 'hotness score,' producing the top ten list."
| Metropolitan Area | Forecasted Home Value Appreciation | Income Growth | Unemployment Rate |
| Denver | 5.0% | 1.1% | 3.1% |
| Seattle | 5.4% | 1.1% | 4.5% |
| Dallas-Fort Worth | 5.6% | 1.1% | 4.0% |
| Richmond | 2.2% | 1.2% | 4.4% |
| Boise | 4.7% | 1.0% | 3.3% |
| Ogden | 4.9% | 1.0% | 3.4% |
| Salt Lake City | 4.4% | 1.0% | 3.1% |
| Omaha | 3.2% | 1.1% | 2.9% |
| Sacramento | 5.1% | 1.1% | 5.5% |
| Portland | 5.0% | 1.0% | 5.0% |