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PO Box 1212 Tampa, FL 33601 Pinellas Updated November 2024
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RETURN TO NEWS INDEX Tampa metro area named Zillow's hottest housing market of 2022 While Zillow economic experts anticipate the housing market to slow down from the record-setting pace set of 2021, homebuyers can expect competition within the top 10 markets in 2022.
The rankings were created after analyzing the 50 largest U.S. metro areas in several areas including home value appreciation from November 2021 to November 2022, the anticipated change in home value appreciation from 2021, the flow of for-sale inventory, an estimate of the net new number of home-owning households based on current demographic trends and new jobs growth.
“Homebuyers are attracted to markets in the Sun Belt that offer relative affordability, fast-growing economies and weather that allows them to enjoy the outdoors year-round,” said Zillow economist Alexandra Lee in a release.
Tampa Bay came in at No. 1 out of the 50 largest U.S. metro areas. The typical home value in Tampa Bay is $323,040, and Zillow forecasts home values will rise 24.6% through November 2022.
Here is the complete list of Zillow’s 10 hottest housing metros of 2022:
Austin fell to the No. 10 spot after being named the hottest market last year. The most desirable markets are expected to be in the Midwest outside of the Sun Belt: Salt Lake City (13th overall), Kansas City (14th), Oklahoma City (16th), respectively.
Last year, the Tampa metro area was also listed among the nation’s 10 fastest-growing metros for entrepreneurs. The top industries were software and information technology services, media and communication, and health care.
The coolest markets out of the 50 largest U.S. metro areas are New York, Milwaukee, San Francisco, Chicago and San Jose.
The full Zillow report can be viewed here. |
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