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.