The National Association of Realtors (NAR) released a list of 10 markets expected to outperform over the next three to five years
The markets, listed alphabetically, include:
Charleston, S.C.
Charlotte, N.C.
Colorado Springs, Colo.
Columbus, Ohio
Dallas-Fort Worth, Texas
Fort Collins, Colo.
Las Vegas
Ogden, Utah
Raleigh-Durham0Chapel Hill, N.C.
Tampa-St. Petersburg, Fla.
The markets were identified by NAR based on domestic migration, housing affordability for new residents, consistent job growth relative to the national average, population age, attractiveness for retirees and home price appreciation, among other factors.
“Some markets are clearly positioned for exceptional longer term performance due to their relative housing affordability combined with solid local economic expansion,” NAR Chief Economist Lawrence Yun said in a statement. “Drawing new residents from other states will also further stimulate housing demand in these markets, but this will create upward price pressures as well, especially if demand is not met by increasing supply.”
The full NAR report can be found here.
