Top US Housing Markets For Spring 2015
Monday, April 20, 2015 at 10:39AM A new Auction.com Research report identifies the top major single-family housing markets based on current and expected future housing fundamentals. Of the 49 largest US markets, the top five have displayed consistently strong demand, home price appreciation, and economic and demographic growth. Retailers with stores in Denver, San Antonio, Nashville, Fort Lauderdale and Dallas might see some strong sales in the months ahead. The report notes the considerable impact a healthy housing market has on all of retail, not just the home improvement retailers like Home Depot and Lowe’s.
“As the U.S. housing market has continued to recover from the Great Recession, we’ve seen significant regional variances in terms of both price appreciation and sales volume,” said Auction.com executive VP Rick Sharga. “Earlier in the recovery, most of the growth came from markets that had suffered the biggest declines during the housing bust, but what we’re seeing today is more in line with fundamental economic trends: markets with the best job growth and population growth are recovering most quickly.”
The Southwest remains the strongest US region overall. The Southeast and West also show promise, as markets in those regions are improving rapidly.
Sources: Auction.com, Chain Store Age