2016’s Hottest Real Estate Markets

By Norma Mirsky

Providence, RI

• Providence is tied with its neighboring Boston, so Boston doing well means Providence does well too.

St. Louis, MO

• Declining inventory, rising demand and strong employment and median wage growth mean home prices are expected to jump in St. Louis next year.

San Diego, CA

• The housing market is hot, and expected to get even hotter in 2016.

Sacramento, CA

• A lowering unemployment rate and above-average household growth means the economic picture looks very good here.

Atlanta, GA

• 2015 has been a big year for Atlanta’s housing market.!

• 2016 is expected to be even better.

New Orleans, LA

• Fast-moving inventory.!• Housing market has

recovered significantly in the 10 years since Katrina.

Memphis, TN

• The housing market has started to take off.!

• Substantial growth is expected into the upcoming year.

Charlotte, NC

• The labor market has been improving here.!

• The financial industry is sturdy, and the professional and business service sector has been growing.

Virginia Beach, VA

• The threat of defense cuts has been reduced, so the military-heavy region is expected to be blessed with a good housing market.

Boston, MA

• Homes sell fast here, and this trend seems to be continuing.