The Housing Market’s 50 Hottest Zip Codes

The Housing Market’s 50 Hottest Zip Codes
realtor.com | October 1, 2018

The following is realtor.com®’s rankings of the top 50 hottest ZIP codes for housing in the country.

1810-realtor.com-chart_hot-ZIPs

Source: National Association of REALTORS®

Markets with the Most Rapid Home Sales

Markets with the Most Rapid Home Sales
realtor.com   article by Daily Real Estate News | March 13, 2018

House 1034In some markets, homes are selling at record speeds. Realtor.com®’s research team scoured the listing data to find which markets are seeing the quickest sales, based on the median number of days on the market.

The number of days spent on the market is important for sellers and prospective buyers to know, says realtor.com®’s chief economist Danielle Hale.

“That info can give home buyers an idea of how much competition they face, how limited homes are in the market, and how quickly they need to make a decision if they find a home they like,” says Hale. For sellers, it can give them an idea of how long they may have to move elsewhere.

The median number of days on the market nationwide is dropping due to an imbalance in many places in the low supply of homes compared to high demand from buyers.

Out of the nation’s 300 largest metros, realtor.com®’s research team found that the following places saw the lowest number of days on the market for its homes for sale: (Note: realtor.com® limited its ranking to one metro per state for geographic diversity.)

  1. San Jose, CA.: 28.6 (median days on the market)
  2. Seattle, WA: 34.1
  3. Salt Lake City, UT: 38.2
  4. Denver, CO: 39.2
  5. Nashville, TN: 40.6
  6. Portland, OR: 44.3
  7. Boise, ID: 46
  8. Sioux Falls, SD: 46.8
  9. Omaha, NE: 47.2
  10. Minneapolis, MN: 47.3

Visit realtor.com® to find out where homes are lingering on the market the longest.

Source: “Where Homes Are Flying Off the Market—and Where They’re Lingering Longest,” realtor.com® (March 12, 2018); REALTOR® Magazine Online, Daily Real Estate News 031318

Murfreesboro among Best Markets for First-Time Buyers 2017

Murfreesboro among Best Markets for First-Time Buyers 2017
WalletHub.com article by Daily Real Estate News | July 18, 2017

Murfreesboro 1001Texas is good for first-time home buyers, according to a new study by WalletHub, a personal finance resource. The Lone Star State boasts four of the top 10 locations for first-time home buyers in 2017; McKinney, Texas, ranked first on WalletHub’s list.

“Cities in north Texas have very healthy housing markets and a high percentage of homes sold in the past year,” WalletHub analyst Jill Gonzalez told realtor.com®. “Construction is flourishing in general, with high percentages of housing units built within the last five years.”

WalletHub researchers analyzed 300 cities using 23 different indicators, including affordability, quality of life, cost of living, real estate taxes, crime rates, and more. The top 10 best places for first-time home buyers that topped its list for 2017 are:

  1. McKinney, Texas
  2. Frisco, Texas
  3. Allen, Texas
  4. Cary, North Carolina
  5. Norman, Oklahoma
  6. Lincoln, Nebraska
  7. Richardson, Texas
  8. Boise, Idaho
  9. Thornton, Colorado
  10. Murfreesboro, Tennessee

Source: “2017’s Best & Worst Places for First-Time Home Buyers,” WalletHub.com (July 17, 2017) and “The 10 Best and Worst Cities for First-Time Home Buyers in 2017,” realtor.com® (July 17, 2017); REALTOR® Magazine Online, Daily Real Estate News 071817

Kenneth Bargers REALTOR® License 318311  |  Pilkerton Realtors License 257352
(615) 512-9836 cellular  •  (615) 915-5901 facsimile  •  kb@bargers-solutions.com email
bargers-solutions.com web  •  kennethbargers.com blog  •  Search Properties
(615) 371-2474 office  •  (615) 371-2475 facsimile  •  2 Cadillac Drive, Brentwood TN 37027 address
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Nashville among 5 Top Housing Markets for Jobs, Sales Growth

Nashville among 5 Top Housing Markets for Jobs, Sales Growth
Article by realtor.com | September 2, 2016

NatchezTraceBridgeNashville
Natchez Trace Bridge

The creation of new jobs spurs household formation and leads to new construction and helps to boost consumer confidence. “When employment is strong and growing, consumers are more confident about their present and future,” writes Jonathan Smoke, realtor.com®’s chief economist in his latest column. “When consumers are more confident, they are more likely to buy a home (or sell an existing home to buy another one).”

As such, realtor.com®’s research team identified five major markets that have seen the most growth in jobs and home sales over the past two years.

1 Portland, Oregon

  • Home sales growth over the past 2 years: 12%
  • Number of jobs created in 2 years: 94,000
  • Unemployment rate: 4.3%

2 Nashville, Tennessee

  • Home sales growth: 10%
  • Unemployment rate: 3.4%

3 Charlotte, North Carolina

  • Home sales growth: 11%
  • Number of jobs created: More than 75,000
  • Unemployment rate: 5.2%

4 Boise, Idaho

  • Home sales growth: up 13%
  • Number of jobs created: 17,000
  • Unemployment rate: 3.6%

5 Raleigh, North Carolina

  • Number of jobs created: 47,000
  • Unemployment rate: 4.6%

Source: “Labor Day Special: Celebrating 5 Markets With Awesome Job and Housing Growth,” realtor.com® (Sept. 1, 2016); REALTOR® Magazine Online, Daily Real Estate News 090216

KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimilekb@bargers-solutions.com email
bargers-solutions.com webkennethbargers.com blogSearch Properties
(615) 371-2474 office • (615) 371-2475 facsimile • 2 Cadillac Drive, Brentwood TN 37027 address