Editor’s Note: This story first appeared on Threshold…
The US real estate market is reaching unprecedented heights. Over the past 18 months, home prices across the country have jumped to levels not seen since the start of the 2008 financial crisis.
April 2021 annual growth Case-Schiller index, the main indicator of house prices, for the first time in the history of the company, exceeded 14.5%.
For those excluded from the real estate market because their price was overpriced or overpriced, the situation is unlikely to improve in the next year, Zillow said. National projections show a strong upward trend Zillow Home Value Indexwhile some metropolitan areas are projected to grow more than double the national average.
Porch researchers analyzed data from Zillow, Redfin, and the US Census Bureau to determine which real estate markets will grow in the next year. Its researchers calculated the projected change in house prices over one year, the change in house prices over the previous year, the sales to list price ratio, and the house price to income ratio. To increase relevance, only megacities with a population of at least 100,000 were included.
Here are the major US real estate markets (with populations of 1 million or more) that are projected to grow the most in the next year.
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