Trulia: Hottest housing-market conditions will move inland from coasts in 2019

The firm predicts that Colorado Springs will be the best housing market in 2019, followed by Grand Rapids, Jacksonville, Bakersfield and Austin

National /
Dec.December 09, 2018 12:00 PM

(Credit: iStock)

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.

San Francisco-based Trulia, a provider of online guides for home buyers and renters, predicts that these will be the five best housing markets next year:

1. Colorado Springs, Colorado

(Credit: iStock)

2. Grand Rapids, Michigan

(Credit: iStock)

3. Jacksonville, Florida

(Credit: iStock)

4. Bakersfield, California

(Credit: iStock)

5. Austin, Texas

(Credit: iStock)

Trulia based its rankings of the best housing markets in 2019 on measures that include employment growth, residential vacancy rates, the percentage of the local population under age 35 and the potential for young adults to become first-time home buyers.

The firm also based ranked cities higher if they show more inbound than outbound searches for homes, indicating that people who want to remain in those cities outnumber those who want to relocate.

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. [HousingWire.com]Mike Seemuth


Related Articles

arrow_forward_ios
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
Steven and Beth Millner with One Thousand Ocean (Patrick McMullan/Getty, Google Maps)
Private equity honcho pays $5M for Boca Raton condo
Private equity honcho pays $5M for Boca Raton condo
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)
Kate Ford’s Palm Beach estate sells for $55M
Kate Ford’s Palm Beach estate sells for $55M
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...