Midwestern and Northeastern Cities Dominate 2024's Top Housing Markets, While California Slowly Rebounds
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Toledo, Ohio ranks #1 due to its affordable housing options compared to larger metro areas. Midwestern and Northeastern markets dominate the top 10.
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Southern California markets like Oxnard and San Diego are expected to see sales growth in 2024 after declines in 2023, though still below pre-pandemic levels.
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Government-backed mortgages like FHA and VA loans are playing a substantial role in supporting homebuying in top California markets.
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No market is expected to return to pre-pandemic "normal" sales levels in 2024. Only 3 of the top 100 metros forecast to exceed 2017-2019 sales rates.
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While the top housing markets are seeing improvements, the broader national market is still predicted to be 20-35% below typical pre-pandemic home sales.