June's Hottest Housing Markets

Midland, Texas, Columbus, Ohio, Boston, and Fort Wayne, Ind. were the hottest markets last month, drawing the most buyer interest and quickest offers.

Javier Vivas, director of economic research at Realtor.com says that the site's latest data show just how much tightening affordability is reshaping market activity. "We're seeing interest and money shift away from the overheated markets into less expensive secondary markets," he says. Major cities in California are no longer dominating the site's 20 hottest markets. Vivas explains that across all markets, "A slightly below-average-sized home within a good commute is the hottest product right now."

Summer, thank you for finally getting here! (Actually, according to astronomy, we just passed the height of summer, but that seems unfair to those locations where the warm season has only just begun in earnest.) Between days of lazing on the beach, gorging at backyard barbecues, and escaping to vacations, house hunters are getting serious. After all, there isn't much time left to close on a home before school starts for the kids.

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