Charlotte, North Carolina will be this year’s hottest housing market, according to a Zillow analysis. Cleveland, Pittsburgh, Dallas and Nashville join Charlotte in the top five of the Zillow 2023 hottest markets list.
“This year’s hottest markets will feel much chillier than they did a year ago,” said Anushna Prakash, economic data analyst at Zillow. “The desire to move hasn’t changed, but both buyers and sellers are frozen in place by higher mortgage rates, slowing the housing market to a crawl.”
“Markets that offer relative affordability and room to grow are poised to stand out, especially given the prevalence of remote work,” said Prakash. “The good news for buyers is that monthly housing costs have stopped climbing. Home shoppers who can overcome affordability hurdles will find a more comfortable market this year, with more time to consider options and less chance of a bidding war, even if they’re shopping in one of the hottest markets.”
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https://www.forbes.com/sites/brendarichardson/2023/01/12/zillow-picks-charlotte-north-carolina-as-2023s-hottest-housing-market/?sh=1c94f4e2baa7
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