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Southern U.S. Will Lead 2020 Home Price Growth
Housing markets in the southern half of the U.S. will perform the best in 2020, according to economists and real estate experts recently surveyed by Zillow. Conversely, California holds four of the five housing markets that are expected to perform the worst this year.
With Austin leading, Charlotte, Atlanta and Nashville were also standouts for projected growth in home value. Among 25 markets analyzed, all but three of the 14 with positive scores—Denver, Minneapolis and Portland—were in the Southeast or Southwest.
Three expensive California markets—San Francisco, San Jose and Los Angeles—are expected to post the worst pricing performance in 2020. Cincinnati and Sacramento round out the bottom five.
“Having subjected buyers to a crucible of fierce competition for multiple years, many West Coast markets hit an affordability ceiling that set off declining home values in the most expensive of these,” said Skylar Olsen, Zillow’s director of economic research.
Pictured: Charlotte skyline.
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- ◦Economy
