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®

Rent No More! 10 U.S. Cities With Huge Increases in Homeownership

Rent No More! 10 U.S. Cities With Huge Increases in Homeownership
Article by Clare Trapasso; realtor.com | November 27, 2017

House 1026It’s time to tune out the chatter, the doom, and certainly the gloom: The American Dream of homeownership is alive and well. Really.

But that doesn’t mean it’s easy to buy a home these days. So what are the stumbling blocks? Stroke-inducing student loan debt. Soaring home and rent prices, and a lack of properties in many markets. And let’s not forget the Great Recession, which set so many would-be buyers back on their heels.

All this has dragged down homeownership rates, which hit 63.9% nationally in the third quarter of the year, according to the U.S. Census Bureau. That’s down about five percentage points from their pre-crash high in 2004.

But wait: There are bright beacons of hope across the nation, places where homeownership is actually on the rise.

The data team at realtor.com® set out to find those metros where homeownership rates are growing the fastest. In the process, we discovered a few trends. Ownership is shooting up the most in Rust Belt cities undergoing a resurgence; in smaller cities close to much bigger and pricier metros, where commuters can snag a home for less; and in fast-growing Southern hubs that are continuing to experience booming job markets.

Bonus: More than half of the metros on our list boast median prices well under the national median of $274,492.

“Affordability is a strong draw to these areas,” says Danielle Hale, chief economist at realtor.com®. A lot of these cities are on the outskirts of big cities where folks can snag an abode for less and then commute downtown for work, she adds.

However, interested buyers had better move fast—all this demand is steadily pushing home prices skyward.

To come up with our findings, the data team analyzed Census data comparing the homeownership rates in the first three-quarters of 2014 to the first three-quarters of 2017. The Census data only included 75 of the largest metros (with some cities moving on or off the list over the years, due to population shifts). Home list price data, from realtor.com, dates from Oct. 1.

So where are the most buyers settling into homes of their very own? Get ready for a few surprises…

1. Milwaukee, WI
Median home price: $224,950
Current homeownership rate: 68.7%
Three-year homeownership change: +11%

2. Charlotte, NC
Median home price: $327,050
Current homeownership rate: 62.8%
Three-year homeownership change: +10.5%

3. Memphis, TN
Median home price: $195,050
Current homeownership rate: 61%
Three-year homeownership change: +9.3%

4. Baltimore, MD
Median home price: $300,040
Current homeownership rate: 68.4%
Three-year homeownership change: +7.3%

5. Allentown, PA
Median home price: $225,050
Current homeownership rate: 74.8%
Three-year homeownership change: +7.3%

6. Pittsburgh
Median home price: $174,950
Current homeownership rate: 74%
Three-year homeownership change: +7.2%

7. Albuquerque, NM
Median home price: $239,950
Current homeownership rate: 66%
Three-year homeownership change: +5.7%

8. Nashville, TN
Median home price: $359,050
Current homeownership rate: 68.8%
Three-year homeownership change: +4.9%

9. Dallas, TX
Median home price: $339,950
Current homeownership rate: 60.7%
Three-year homeownership change: +4.8%

10. Syracuse, NY
Median home price: $149,950
Current homeownership rate: 66.5%
Three-year homeownership change: +4.6%

Read the complete article at realtor.com
Clare Trapasso is the senior news editor of realtor.com and an adjunct journalism professor. She previously wrote for a Financial Times publication and the New York Daily News. Contact her at clare.trapasso@move.com. Follow @claretrap


Kenneth Bargers, REALTOR® License 318311 ♦ Pilkerton Realtors License 257352
(615) 512-9836 cellular ♦ (615) 371-2474 office
kb@bargers-solutions.com emailkb@kennethbargers.realtor email
www.bargers-solutions..com webkennethbargers.com blog
2 Cadillac Drive, Brentwood, Tennessee 37027 address

10 Cities That Have Changed the Most

10 Cities That Have Changed the Most
Article by Daily Real Estate News | October 23, 2017

Nashville MusicCityCenter
Music City Center, Nashville TN

The city of Austin, Texas, has been named the “most changed” in the country over the last decade, with the most dynamic transformations to its housing market, incomes, crime rates, and economy compared to any other large U.S. metro, according to a new analysis by MagnifyMoney, a subsidiary of LendingTree. In fact, several Texas cities topped the list of most evolved economies and housing markets in the last 10 years.

MagnifyMoney analyzed data from 2006 to 2016 for the 50 largest cities, factoring in commute times, incomes, housing prices, crime rates, and building permits, among other items. “Change isn’t necessarily a good or bad thing,” MagnifyMoney notes in a report on its findings. “Big growth in commute times and rents can be negative, but they can also be a function of positive developments like job and income growth. Similarly, places without as much change could be more attractive to people working their way up the salary ladder or those who are retired and living on fixed incomes, offering more affordable housing and less congestion.”

The following cities topped MagnifyMoney’s list as seeing the most dramatic change over the past 10 years:

  1. Austin, Texas
  2. Dallas-Fort Worth, Texas
  3. Houston, Texas
  4. Nashville, Tennessee
  5. Portland, Oregon
  6. Denver, Colorado
  7. Raleigh, North Carolina
  8. San Antonio, Texas
  9. Charlotte, North Carolina
  10. San Jose, California

Other cities have stayed virtually the same over the past decade, with Birmingham, Ala., being the least changed—falling on the bottom of MagnifyMoney’s list of 50 most changed cities. These metros rounded out the bottom five: Milwaukee (number 49), New Orleans (number 48), Buffalo, N.Y. (number 47), and Indianapolis (number 46).

See if your city ranked at the top or bottom of the “most changed” in the nation.

Source: “This Place Sure Has Changed: Which Cities Have Changed the Most?” MagnifyMoney.com (Oct. 19, 2017); REALTOR® Magazine Online, Daily Real Estate News 102317


Kenneth Bargers, REALTOR® License 318311 ♦ Pilkerton Realtors License 257352
(615) 512-9836 cellular ♦ (615) 371-2474 office
kb@bargers-solutions.com emailkb@kennethbargers.realtor email
www.bargers-solutions..com webkennethbargers.com blog
2 Cadillac Drive, Brentwood, Tennessee 37027 address

Target Markets for Investors in 2017

Target Markets for Investors in 2017
Article by Daily Real Estate News | January 18, 2017

nashvilleskyline175x180For prime investment locations, it may be time to look South. Forbes teamed up with Local Market Monitor, a company that tracks more than 300 housing markets, to uncover the top cities for investors in the new year. The markets that dominate this year’s list reflect two major benefits: affordability and growth.

If you are planning on making an investment, either by buying a home or by buying a rental property, these are really good markets,” says Ingo Winzer, Local Market Monitor CEO. “These are markets where… you are probably going to get a good return and you are not taking an extraordinary risk.”

Dallas topped this year’s list. Home prices there average $233,000, up nearly 4 percent from a year ago. Yet, the city’s housing market is still considered underpriced by 3 percent compared to its historic average. Local Market Monitor predicts home prices in Dallas to increase 31 percent by 2020, due to a boom in job and population growth.

Here are the 15 cities investors could do particularly well in this year, according to the study:

  1. Dallas, TX: 31% (the percentage increase predicted for home prices by 2020)
  2. Jacksonville, FL: 30%
  3. Orlando, FL: 28%
  4. Seattle, WA: 26%
  5. West Palm Beach, FL: 26%
  6. Salt Lake City, UT: 25%
  7. Tampa-St. Petersburg, FL: 25%
  8. Nashville, TN: 24%
  9. Fort Worth, TX: 24%
  10. Grand Rapids, MI: 23%
  11. Sacramento, CA: 22%
  12. Charlotte, NC: 21%
  13. Raleigh, NC: 21%
  14. San Diego, CA: 21%
  15. Las Vegas, NV: 20%

Source: “Best Buy Cities: Where to Invest in Housing in 2017,” Forbes.com (Jan. 10, 2017); REALTOR® Magazine Online, Daily Real Estate News 011817

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

50 Markets Ranked: Where Does Yours Fall?

50 Markets Ranked: Where Does Yours Fall?
Article by Daily Real Estate News | October 25, 2016

NashvilleSkyBridge130x210
Nashville, TN

Who has the hottest single-family housing market this fall? Fort Lauderdale, Fla., according to a new report released by Ten-X, an online real estate marketplace. Ten-X ranked the 50 largest single-family housing markets for fall 2016 based on current and forecasted fundamentals.

Florida markets continue to dominate its list for the second consecutive season.

“Florida’s housing market continues to set the pace for the nation, with five of the top 10 metros on our report,” says Rick Sharga, Ten-X executive vice president. “While all of the top five markets took substantial hits during the housing crash, especially Las Vegas, the continued road to recovery for these destination cities is looking even brighter.”

The five single-family markets topping Ten-X’s list for this fall are: Fort Lauderdale, Fla.; Palm Beach County, Fla.; Tampa, Fla.; Orlando; and Las Vegas.

The rankings factor in pricing, sales, permit activity, and economic growth, population growth.

See how your metro stacked up.

  1. Fort Lauderdale
  2. Palm Beach County
  3. Tampa
  4. Orlando
  5. Las Vegas
  6. Phoenix
  7. Seattle
  8. Nashville
  9. Dallas
  10. Jacksonville
  11. Denver
  12. Portland
  13. Oakland
  14. Atlanta
  15. Columbus
  16. Raleigh
  17. San Francisco
  18. San Jose
  19. Miami
  20. Boston
  21. Austin
  22. San Diego
  23. Charlotte
  24. Salt Lake City
  25. DC
  26. Riverside
  27. Los Angeles
  28. Indianapolis
  29. Sacramento
  30. Minneapolis
  31. Fort Worth
  32. Orange County
  33. San Antonio
  34. Kansas City
  35. Detroit
  36. Pittsburgh
  37. Cincinnati
  38. Milwaukee
  39. Northern Virginia
  40. St. Louis
  41. Suburban Maryland
  42. Houston
  43. Memphis
  44. Philadelphia
  45. Long Island
  46. Northern New Jersey
  47. Chicago
  48. Cleveland
  49. Central New Jersey
  50. Baltimore

Source: Ten-X   Article distribution: REALTOR® Magazine Online, Daily Real Estate News 102516

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

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

Charming Move-in Ready Cottage: Home Owner or Investor’s Dream in Value-Trending Sylvan Heights!