Tuesday, January 09, 2018 10:38 AM

ZILLOW RANKS RALEIGH THE SECOND-HOTTEST US HOUSING MARKET IN 2018. HERE’S WHAT IT MEANS.

This is the year to invest in the Raleigh housing market, according to Zillows Hottest Housing Markets for 2018.

Raleigh holds the No. 2 spot in Zillows annual prediction, based on its rising home values and rental prices, steady income growth, abundant job opportunities and low unemployment rate.

Charlotte ranked No. 4.

Growing cities in the Sun Belt, places like Raleigh, Charlotte and Nashville, offer plenty of opportunities [in] health care and finance, while providing a less expensive, but still convenient alternative to the larger and pricier markets in the Northeast, said Zillow senior economist Aaron Terrazas.

To predict the top 10 markets, Zillow calculated each metros home value and rent for 2018, recent income and population growth, unemployment rates and the number of job openings per person using Glassdoor, a job recruiting website.

Zillow reported that Raleighs income grew by 9 percent last year and predicted its median home value in 2018 would be $233,900. The unemployment rate is 3.6 percent.

The list, made up of mostly tech cities, ranks San Jose in the top spot for its high number of job openings per person and increasing home value,

News source: News & Observer

See also: Wake Opthalmology