"Great Lakes Cities Dominate Zillow's Top Housing Markets for 2024"

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Source: MarketWatch
"Great Lakes Cities Dominate Zillow's Top Housing Markets for 2024"
Photo: MarketWatch
TL;DR

Zillow's report predicts Buffalo, New York, to be the hottest housing market in 2024, despite its snowy reputation. Factors contributing to this forecast include Buffalo's relatively low home prices, with a typical home valued at $248,445, strong job prospects, and a high number of jobs per new housing unit. The city's economic growth is further supported by federal funding to develop a semiconductor manufacturing hub and revitalization efforts like the "Buffalo Billion" initiative. Other notable cities on Zillow's list include Cincinnati, Columbus, and Indianapolis, chosen for their affordability and strong employment, which provide opportunities for young buyers.

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