10 Hottest housing markets for 2015

[James Park]

http://money.cnn.com/2014/12/04/real_estate/hot-ho...

Some of the cities listed below maybe obvious and some maybe a suprise to you. No cities in Florida are on this list. While Atlanta, Dallas, and Houston were obvious cities for me, I was surprised to see 2 midwestern cities. For those of you who live and invest in Minneapolis, MN, Des Moines, IA, can you please explain why you think that your local market is hot market in 2015?

City                                          2015 Homes Sales Forecast              Median home price

1. Atlanta, GA                          11%  -  under rental parity                             $168k
2. Dallas, TX                             7%   -  rental parity                                       $260k
3. Des Moines, IA                     9%   -  under rental parity                             $112k
4.  Denver, CO                          14% -  rental parity                                      $291k
5. Houston, TX                           5% -   rental parity                                      $284k
6. Los Angeles, CA                    6% -   over valued                                       $532k                  7. Minneapolis, MN                    9% -      under rental parity                         $199k
8. Phoenix, AZ                           11% - rental parity                                      $169k
9. San Jose, CA                          3% -  over valued                                      $757k
10. Washington D.C.                 10% -  over valued                                     $455k

[Jedd Braunwarth]

@James Park I am from Minneapolis and live in Des Moines. Both have extremely strong job markets (I would argue some of the most stable and strongest in the nation) and both have population growth. As far as RE concerns I am more surprise Minneapolis is so high on this list as I personally think RE prices are over inflated in Minneapolis. Can still find deals but not as good as I am finding in Des Moines. I can find 2% rule for investment properties all over Des Moines.