Charleston / North Charleston, SC Among 10 Housing Markets to Lead Post-Pandemic Rally
Housing markets are showing resilience against the pandemic, but some are thriving more than others and are expected to continue to perform strongly in the years ahead.
Coinciding with the National Association of REALTORS®’ virtual Real Estate Forecast Summit on Thursday, NAR released a list of the top metros expected to have the strongest housing markets over the next three to five years. Researchers factored in domestic migration, housing affordability for new residents, consistent job growth relative to the national average, population age structure, attractiveness for retirees, and home price appreciation.
The following 10 markets were identified by NAR (listed in alphabetical order):
- Atlanta-Sandy Springs-Alpharetta, Ga.
- Boise City, Idaho
- Charleston-North Charleston, S.C.
- Dallas-Fort Worth-Arlington, Texas
- Des Moines-West Des Moines, Iowa
- Indianapolis-Carmel-Anderson, Ind.
- Madison, Wis.
- Phoenix-Mesa-Chandler, Ariz.
- Provo-Orem, Utah
- Spokane-Spokane Valley, Wash.
These housing markets likely will carry momentum from 2020 into “2021 and beyond because of strong in-migration of new residents, faster local job market recoveries, and environments conducive to work-from-home arrangements and other factors,” says NAR Chief Economist Lawrence Yun. For example, movers from pricey coastal regions may be drawn to cheaper destinations as companies increase work-from-home policies and make commuting less of an issue.
The trend is already becoming apparent in markets like Phoenix and Dallas, which have attracted the largest number of movers from the West Coast, the report shows.
“Expect these 10 markets to perform strongly, with potential buyers finding conditions particularly favorable to purchase a home,” says NAR President Charlie Oppler. “Overall, residential real estate will continue to be an important driver of our nation’s economic recovery, and the activity in these markets will help lead the way.”
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Idiot Posts like this will eventually lead to the destruction of everything that made these cities desirable places to liveand raise families as you attract the parasitic locust from Yankeeland And the looney Left Coast. Like locusts they destroy their own homes and then move on to “greener” well managed pastures….and then when your crime, pollution, congestion, and taxes go up…just to name a few pestilences, they like locusts will move on… almost always to places in the South,.SW.and Rock Mt.West. all the places well taken care of and managed by folks The looney, Lefty, voracious parasitic, locusts hate. So quit ringing the dinner bell!!!
Believee me the will come and bring millions more with them, wreck your homes and buzz off.