While the entire U.S. housing market is hot, some markets are hotter than others, fueled by sustained income growth, job opportunities, and higher housing appreciation.
Raleigh and Charlotte, North Carolina ranked second and fourth on Zillow's list for the hottest markets in 2018. Zillow concluded that, "Both areas boast strong income and population growth, as fast-growing Research Triangle anchor Raleigh becomes better known for innovations outside its life sciences base and Bank of America headquarters Charlotte builds on its reputation as a financial center."
San Jose, California, tops the list of hottest markets for 2018. Home values in the Silicon Valley hub gained 17.4 percent over the past year – the fastest growth among the 50 largest metro areas – and it tops Zillow’s list of hot markets for 2018, as high-paying tech jobs continue to keep pace with climbing housing costs.
