SEATTLE—Zillow recently revealed itspredictions for the 10 hottest housing markets in2016. Topping the list is Denver, followed by Seattle andDallas-Fort Worth, all of which are major tech towns—ideal for jobgrowth. Other places that made the list are Utah markets Ogden andSalt Lake City, along with Omaha, NE and Boise, ID.
To determine which markets would be hot, Zillow looked at homevalue appreciation, low unemployment rates, and strong incomegrowth. Omaha has the lowest unemployment rate of the ten hottestmarkets, at just 2.9%. Denver saw home values rise 16% in 2015, andZillow is forecasting them to rise another 5% in 2016, along withPortland.
A strong and diverse economy is the driving force behindRichmond's high income growth, with government, finance, education,and manufacturing jobs robust in the area and expected to continuein 2016, says Zillow. Boise, Ogden, Salt Lake City and Sacramentoall have high forecasted home value appreciation; homes areexpected to appreciate an average of about 5% over the nextyear.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
