The newest national real estate data is out, and gives us a list of the Top 5 hottest Real Estate markets in the nation. Did Portland, OR make the list? Well, according to analysis from Ten-X, the answer is YES!
Top markets in country demonstrated characteristics that were a consistent combination of increasing home prices, home appreciation rates, favorable affordability, and positive economic and demographic conditions for future demand.
According to the report, the presence of both Portland and Seattle in the Top 5 signify the strength of the Pacific Northwest, particularly driven by the technology sector. Both a strong local economy and healthy demographic trends were contributing factors to the success of their respective housing markets.
“We are continuing to see a return to fundamentals driving the housing market, as cities with above average population growth and job creation are recovering much more rapidly,” said Ten-X Executive Vice President Rick Sharga.
Sharga continued, “The solid tech sector has helped cities like Seattle and Portland maintain strong economic growth, which in turn, has helped fuel the housing market.”
Here is the complete list of the Top Five Hottest Housing Markets for Spring 2016.
1. Seattle, Washington
2. Portland, Oregon
3. Nashville, Tennessee
4. Palm Beach, Florida
5. Fort Lauderdale, Florida
