Now that the calendar has officially flipped over to 2017, it didn’t take long for national real estate website Zillow to rank what should be the hottest real estate markets of the new year. Earlier today, Zillow released their annual list of what they project to be the top-performing markets over the next 12 months, which was determined by analyzing how quickly home values are rising in each city, which cities have the lowest unemployment rates and highest job gains, and also which cities have the strongest income growth.
Overall, Zillow expects home values nationwide to jump by 3% in 2017, with many cities in the western portion of the country likely outperforming the national average. Even still, Zillow is also anticipating a very familiar city here in the midwest to top the charts over the new year, naming Nashville as what they believe to be the hottest market in the country in 2017.
According to the list, Nashville’s forecasted home appreciation is 4.3% for 2017, while income growth will jump by 1.1% and the unemployment rate drop to 4%. Behind Nashville, other cities that rounded out the Top 5 hottest housing markets for 2017 include Seattle at No. 2, Provo (UT) at No. 3, Orlando at No. 4, and Salt Lake City at No. 5.