Buffalo Boasts Hottest Housing Market in the US, Zillow Report Reveals

Consumers shopping for a new home may find some hidden gems in specific markets in the U.S. based on a new report from Zillow. The online real estate marketplace released its list of the hottest housing markets this year using criteria like projected home value growth, rapid changes in the housing market, home construction activity, and the number of homeowner households. RELATED: US housing shortage grew to 4.

RELATED: How Trump's win could impact the housing marketAccording to Zillow, new jobs can result in an influx of new residents, and it increases competition and raises prices unless builders can match the housing demand. Buffalo also has a strong job market, which can attract new residents looking for a home. Indianapolis’s second-place rank is credited to its strong home price forecast for 2025, which is expected to be greater than the appreciation it had last year.

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Zillow Predicts Gradual Housing Market Growth in 2025Zillow's latest market report forecasts a potential slow decline in mortgage rates in 2025, leading to gradual growth in home sales and price appreciation. They anticipate an increase of approximately 100,000 home sales compared to 2024.
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Zillow Predicts Housing Market Rebound in 2025Zillow's latest market report forecasts a gradual growth in home sales and prices in 2025, driven by a potential slow decline in mortgage rates. While inventory is slowly improving, the report suggests that consumers searching for homes during the winter months may find more favorable deals.
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