Based on its analysis of employment growth, residential vacancy rates, and its own data on inbound and outbound housing searches in the nation’s housing markets, Trulia predicts that next year’s hottest housing markets are set to move inland, according to The Real Deal Miami.
Colorado Springs, Colo. is Trulia’s choice for next year’s hottest housing market, followed by Grand Rapids, Michigan, Jacksonville, Fla., Bakersfield, Calif. and Austin, Tex.
Housing markets in coastal cities have been the hottest in recent years, but Trulia predicts that the top markets in 2019 will be inland cities where homes are more affordable.
…Trulia also predicted that 2019 will be a year of moderation for the overall U.S. housing market. Home sales are likely to decelerate in 2019 as owners hesitate to list properties for sale at lower prices than they could have commanded in recent years.
“After several years of breakneck appreciation following the end of the housing recession, the latter half of 2018 may have marked a turning point and the beginning of a return to more normalcy and balance in the market,” according to Trulia.
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