Zillow has posted it’s new hottest housing markets list for 2016, and guess what? Seattle is #2 nationwide, right behind Denver. To make the list, Zillow uses home value appreciation, unemployment rates and income growth.
Based on their research, Seattle home prices will rise 5.4% this year (second only to Dallas-Fort Worth at 5.6%). Seattle’s income is projected to rise 1.1%.
Trendy tech centers hogged the spotlight for 2015. But this year, the markets that shine brightest will be those that manage to strike a good balance between strong income growth, low unemployment and solid home value appreciation.
Remember as well that I can always provide a more accurate value of your home than Zillow can. I am happy to let you know how to increase the value of your home as well.
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