“Pack Your Bags, We’re Headed to Florida”
Image: SNL; Best of Will Ferrell
🤑 Get ready to work-in some new locations for your aspirational Zillow searches, because the most-recent WSJ/Realtor.com Emerging Housing Markets Index just dropped.
For those unfamiliar, the index identifies the top metro areas for homebuyers seeking an appreciating housing market and appealing lifestyle amenities – or in other words, the places that give off a “not super boujee yet but will be soon” kinda vibe.
🏆 The top five:
- Naples/Immokalee/Marco Island (FL)
- North Port/Sarasota/Bradenton (FL)
- Kahului/Wailuku/Lahaina (HI)
- San Luis Obispo/Paso Robles/Arroyo Grande (CA)
- San Jose/Sunnyvale/Santa Clara (CA)
🏠📈 Zoom out: US existing home sales rose to a 15-year high last year as demand surged mainly due to low mortgage-interest rates. Though as more employees opt to work remotely, many seem to be willing to move farther from their jobs in search of a lower cost of living or different lifestyle.
+Florida is booming: Zillow named Tampa its hottest housing market for 2022, and Redfin’s list of the 10 hottest neighborhoods for 2022 included eight in Florida.
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