Buffalo Tops List of 2024's Hottest Housing Markets Due to Job Growth and Steady Prices While Overall Growth Slows
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Buffalo predicted to be the hottest housing market in 2024 due to job growth outpacing new construction and steady home values expected.
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Cincinnati, Columbus, Indianapolis & Providence round out top 5 hottest markets based on high demand and fast-moving inventory.
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Home value growth slowed significantly in 2023 due to high mortgage rates; expected to continue slowing in 2024.
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Low inventory and quick home sales characterize many of the hottest markets like Hartford, Cincinnati and Columbus.
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Columbus expected to see largest increase (11.4%) in number of homeowner households in 2024; Birmingham expected to see greatest decline (-25%).