Hottest Housing Markets of the Spring
Every homebuying season has its own characteristics, it's own personality, if you will. This year’s homebuying season is comparable to a friend who moves at a blistering pace and is always finding success but you feel like one day, his luck will run out—you just don’t know when that day will come! Well folks, there are lots of concerns coming around the corner so that day may be upon us soon. According to National Mortgage News, interest rates are continuing to rise which means people are not refinancing so lenders are looking to purchase loans to close the gap. They also report, “home prices continue to grow at an accelerated pace”, this raises concerns about inventory of homes in the markets and affordability.
For a look at the 15 hottest residential real estate markets, check out this slideshow put together by National Mortgage News:
Informational and Image Source: https://www.nationalmortgagenews.com/slideshow/the-15-hottest-housing-markets-of-spring-17#slide-1