Great story from Boston Magazine
Boston Ranks as a Market to Watch in 2015
After analyzing real estate markets around the country, both Boston and Middlesex County are listed in the top 10 housing markets to watch next year.
Real estate search database Trulia has released their 2015 Housing Outlook report, including the top 10 housing markets to watch in 2015. After analyzing market potentials and trends throughout the country, researchers selected 10 markets with the capacity for real estate growth in the upcoming year. Factors like job growth, vacancy rate, and the amount of millennials ready to enter the work force influenced their report.
According to the report:
Our 10 markets to watch have strong fundamentals for housing activity. These include solid job growth, which fuels housing demand, and a low vacancy rate, which spurs construction. We gave a few extra points to markets with a higher share of millennials. These young adults are getting back to work and that will drive household formation and rental demand. We didn’t include markets where prices looked at least 5% overvalued in our latest Bubble Watch report.
Here are the Top 10 Housing Markets to Watch in 2015, in alphabetical order:
• Boston, MA
• Dallas, TX
• Fresno, CA
• Middlesex County, MA
• Nashville, TN
• New York, NY-NJ
• Raleigh, NC
• Salt Lake City, UT
• San Diego, CA
• Seattle, WA
Despite low inventory rates, over-asks, and bidding wars, the Boston market has a slue of new luxury apartments aimed at millennials, who are predicted to be one of the highest groups of home buyers this year.