Ten-X, formerly Auction.com, released its report on the top single-family housing markets this winter, ranking the 50 largest housing markets according to current and forecasted housing fundamentals.
HousingWire staffer Cynthia Barraza looks at the Ten-X report looks at the Ten-X top five, exploring the whys and wherefores, as well as the underlying, sustainable trends that account for the best combination of rising home prices, favorable affordability and strong housing demand, combined with strong economic and demographic conditions. She writes:
“Destination cities like Las Vegas, Fort Lauderdale, and Orlando are benefitting from low oil prices, which increase leisure and hospitality business, and in turn boosts employment and home prices. We expect the housing recovery to see some choppiness, but generally continue building on its current momentum.”