Hottest and Coldest Real Estate Markets Across the U.S.
The popularity of remote working and work from home opportunities have many people reconsidering where they call home. Not being tied to a specific location for work can provide a new sense of freedom and an opportunity to live where you prefer as opposed to where you are employed.
For some, this can be an opportunity to seek out the hottest, most popular places to live. For others, it may mean finding cheaper, less popular cities to live.
According to a variety of real estate and financial experts put together by Zillow, here are few of the hottest and five of the coldest real estate markets to call home.
Austin has been described as being the “un-most Texas city in the Lone Star State”. It is artistically and musically vibrant and has a diverse, youthful vibe.
If superb weather is at the top of your list for your next home, it is hard to beat Phoenix. Temperatures are not only warm all year long but the city enjoy frequent clear skies. It is a modern city enjoying enormous growth.
Nashville has an almost unbeatable reputation for having a vibrant, diverse economy, great schools, fun sports and affordable housing. Of course, it remains the capital of country music as well. Residents can still enjoy four seasons.
Florida is booming and Tampa is near the top of the list. Live close to beaches, outdoor recreation, theme parks and more. Tampa has also enjoyed a wealth of success with its sports teams.
Atlanta is a youthful city with a vibrant city center. While the city has an urban pulse, you can be in the middle of the country after just an hour drive. It still remains relatively affordable when compared to other major metros.
While people are making lifestyle moves to warmer weather markets, large, traditionally very expensive cities are cooling off. Traditionally hot markets that are cooling include:
- New York City, New York
- San Francisco, California
- Los Angeles, California
- Philadelphia, Pennsylvania
- Boston, Massachusetts
Keep in mind, when it comes to some markets “cooling” means less hot.
No matter where you live, you should protect your assets with homeowners’ or renters insurance. Our independent insurance agents can help. Contact us to discuss your needs, conduct an insurance review and even get a no obligation quote.
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