Hottest Real Estate in the United States
2022 is a crazy year for the real estate market with Fannie Mae predicting a 9.8% increase in home prices this year compared to last year. With so much activity, there are some areas that are particularly highlighted. In this article, we’ll discuss the hottest areas for real estate recently.
Mesa, Arizona- with the median home value at nearly $425,000, a 26% increase, this suburb to Phoenix is booming. With plenty of outdoor activity as well, their population has increased by almost 15% in the past 10 years.
Las Vegas, Nevada- with a median home value increasing 23% to about $385,000, this iconic city has seen many coming from the ever increasing costs in California. In fact, between 2021 and 2022 nearly 60% of homes sold have been above asking price! In the past 10 years, their population has grown nearly 10%.
Raleigh, North Carolina- moving to the east, their median home value is set around $372,000, a 25% increase. This is mainly attributed to a booming job market, with their unemployment rate lower than the national average at 2.9%. With so many opportunities, their population has grown nearly 16% in the past 10 years.
We hope you found this information on the hottest real estate areas right now insightful on the market. At EverSan Cooper, we take your stress away by buying as-is, with a quick process to buy your home at market prices. Call today to book an appointment for a free home review and let us handle the rest.