The southern United States offers more affordable housing prices and this feature puts five of the region’s cities among the hottest markets in the industry by 2019. The trend has been demonstrated in a report by Zillow real estate consultancy, according to an article in the Orlando Business Journal.
Orlando is second in the Zillow ranking. Jacksonville is ninth, keeping two Florida cities among the best placed. The first place is San Jose, California, and two other cities in the state are also in the top 10: San Francisco and San Diego.
The company analyzed criteria such as income growth index, good job opportunities, low unemployment rates and growing population. Cities where the value of buying and renting real estate is expected to outpace the nation in 2019 also stood out in the list.
The ten hottest real estate markets this year are:
San Jose, California
San Francisco, California
San Diego, California
“Affordability is attractive – for both young professionals and booming businesses, earning markets like Orlando, Minneapolis, Dallas and Nashville top billing in 2019,” said Zillow senior economist Aaron Terrazas to OBJ.