4 Cities That Should Be Hot Real Estate Markets in 2022
So the National Association of Realtors (NAR) reports that the median sales price of single-family existing homes rose to $363,700 year over year in the third quarter of 2021, a new record that saw double-digit price gains in 78% of the 183 markets the big trade group tracks.
Some markets were hotter than others, though, and with the year coming to a close, now seems like a good time to look at where the growth might be hottest going forward. We relied heavily here on Zillow data parsed out into a list by National Mortgage News that we'll use to pick out four particularly promising places for real estate investors to consider.
We're focusing on residential growth here, but real estate sectors don't exist in isolation, from each other or the macroeconomy. Booming residential growth is a response to the availability of jobs that pay enough to sustain those kinds of prices, after all. Those employers, even with the prevalence of working from home, also drive office space use, and brick-and-mortar retail, especially among essential services like grocery stores and pharmacies, will be growing right along with the population.
Source Fool.com
