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This. Is bigger pockets daily.

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Us News listed it's twenty

3:21

hottest real estate markets. Should.

3:24

You invest in any of them. By.

3:26

Lindsay Frankel. Let's. Dive

3:28

in. Denver's. Housing

3:30

Market is on fire at least

3:32

according to a Us News analysis

3:34

of December Twenty Twenty Three data

3:37

from the Us News Housing Market

3:39

Index which includes multiple indicators of

3:41

housing supply and demand along with

3:43

financial health measures. A

3:45

healthy job market, low rental vacancy

3:47

rates, and a low housing supply.

3:50

It's that keeps rents from falling.

3:52

May. Make Denver and attractive market to

3:55

investors as well. Us news

3:57

reports despite it's high home prices relative

3:59

to. National median. Several.

4:02

More of the top twenty housing markets

4:04

ranked by Us News or also located

4:07

in Colorado and three in North Carolina.

4:09

Multiple. Markets in Texas and Florida

4:11

also made a list consistent with

4:14

recent migration trends and to the

4:16

states. Us. News also

4:18

used changes in the data over

4:20

time to identify markets to watch

4:22

as housing market conditions improve along

4:24

with urge to few other rankings

4:27

based on unique interpretations of the

4:29

data so. Let's. Do

4:31

This Thing. Why? Denver

4:34

is considered the hottest housing

4:36

market. Denver's. Financial

4:38

Health Southern Decks played an

4:40

outsized role and it's high

4:42

ranking. In December, there were few

4:44

signs of financial distress among homeowners. The.

4:47

More his delinquency rate in the

4:49

Metropolitan statistical area. An. Essay

4:51

for short was only one point

4:53

eight percent. Which. Was half

4:55

the national rate and the foreclosure rate

4:57

of zero point one percent was about

5:00

a quarter of the national rate. Denver.

5:02

Residents also have a high median income

5:04

relative to median mortgage and rent payments

5:06

in the area. Pretty good. Denver.

5:09

Has long been considered a desirable

5:12

destination due to it's abundant urban

5:14

amenities. In proximity to the Rockies,

5:16

it's beautiful. Although. Rapidly rising

5:18

home prices have pushed to the city to

5:21

the bottom of Us News is ranking of

5:23

the best places to live and twenty sixteen

5:25

it held the top spot. But.

5:27

It's now ranked. Number Ninety

5:29

Nine. But.

5:32

U News data still showed high housing

5:34

demand in the Denver metro area. In

5:36

December, home prices in Denver are still

5:38

more affordable than coastal have like New

5:40

York in L A, and local real

5:43

estate agents report growing interest from home

5:45

buyers early in the year. A.

5:47

Low housing supply, few building permits

5:49

relative to new household formation has

5:51

kept those prices sky high even

5:54

amid high mortgage rates. Rising prices

5:56

have also created more renter households

5:58

with vacancy rates. Falling to four point

6:01

six percent at the end of twenty twenty three.

6:03

Which. Is well below the national

6:06

vacancy rate. Rents.

6:08

Have risen three point one percent year

6:10

over year and line with national median

6:12

rent increases. Denver's job market

6:14

also remains attractive to movers. Though.

6:17

The city has experienced a one point

6:19

two percent decline in jobs compared to

6:21

December Twenty Twenty Two, the unemployment rate

6:23

since it just three point three percent.

6:26

In. Addition, the ratio of construction permits to

6:28

the growth and employment. Was.

6:30

Positive. The. Overall housing market

6:32

index for the Denver metro area was

6:34

seventy four point eight, a seven point

6:37

four point improvement from the year player.

6:39

However, It's important to note. That.

6:42

There are a multitude of housing market data

6:44

points in different ways of interpreting every single

6:47

one of them. Listed. Confusing

6:49

for a minute. For. Example. Zelos.

6:52

Index which includes predictive measures

6:54

such as forecasted appreciation, ranks

6:56

Denver as the Forty eight

6:58

hottest housing market. How will

7:01

have. And. Eight spots

7:03

decline from last year and second to

7:05

last on Zelos list. Which.

7:07

Gives. The. Sig

7:10

look at some other top housing markets in the

7:12

Us. Here are the top

7:14

twenty m as say with the highest

7:16

housing market indices. The. Higher

7:18

the number, the hotter the

7:20

market. Based on data from

7:22

December including consumer and builder

7:24

sentiments unemployment figures ratio of

7:26

building permits to job growth

7:29

and to household growth available

7:31

housing to supply rental vacancy

7:33

rates, construction costs, delinquencies in

7:35

foreclosures and. Last. But

7:37

not least, Ratio. Of median

7:39

rent and mortgage payments to

7:41

area income. A

7:43

lot of these markets were popular with

7:46

movers during the pandemic, when remote work

7:48

arrangements in the desire for more spacious

7:50

homes drove people away from urban areas

7:52

on the coasts and continue to be

7:55

popular. When home prices peaked in, movers

7:57

sought more affordable residences. Us.

7:59

News. Another common feature. Big.

8:02

City amenities. Without.

8:04

Big city problems. Know

8:06

amenities. Most problems Not for these

8:08

people. Already. Talked

8:10

about Denver. We. Already know

8:12

they're number one. Let's just

8:14

do the top size. And. Then

8:16

a few others. I don't want to

8:18

do the whole list because I would be exhausting. For.

8:21

Podcast listeners. But

8:23

you can find the article a Bigger pockets.com

8:25

to see all twenty other. Number.

8:28

To Raleigh, North Carolina.

8:31

And. A couple other North Carolinian,

8:33

the city's. Virginia. Beach.

8:37

Durham. Chapel Hill the number four. And.

8:39

Number Five: Charlotte. And

8:41

I know I said only the top five. And here's number six.

8:44

As a bonus, To. Get Out Of North Carolina.

8:47

Nashville. Area. With.

8:50

A home Market index of

8:52

seventy One point Three. By

8:54

the way, Number twenty. Is

8:57

Colorado Springs, Colorado. Sixty.

8:59

Seven point eight. Not. Too shabby

9:01

Again, go ahead and dive in. Deep.

9:05

To the top hottest markets the

9:07

full list of twenty. At. Bigger

9:09

pockets.com. But. Here are

9:11

you Housing markets to keep an eye

9:13

on to assess markets that were quickly

9:16

heating up Us News Watched it changes

9:18

in the Housing Market Index over the

9:20

course of six months tracking the data

9:22

From June Twenty Twenty Three when mortgage

9:24

rates began a steady climb to December

9:26

Twenty Twenty Three and rates were beginning

9:28

to fall. The publication

9:30

identified markets with improving

9:32

housing market indices. It's

9:34

amid challenges. Cleveland.

9:37

Rocks which now ranks above Denver and

9:40

the U S News list of best

9:42

places to live. As a growing job

9:44

market that has gradually changing the city's

9:46

reputation. You. Might remember

9:49

Just fourteen years ago it was called

9:51

the most miserable city in the country.

9:54

But. Opportunities in healthcare I'd see

9:56

and others fields have led to

9:58

the cities where. The finalization.

10:01

It's. A really nice city. Feels.

10:04

Like a big city in a small town at the same

10:06

time. I. Love Cleveland since since

10:08

it's not the by the lake

10:10

okay. It was a median

10:12

home price of just one hundred ninety thousand, Three

10:15

hundred seventy bucks. Hello Investors

10:17

can find affordable rentals for

10:19

sure! As. The city draws

10:21

younger residents in Rovers. Zillow expects

10:23

Cleveland's housing market to heat up

10:26

this year. Go Guardians.

10:30

Or indians. Depending. On. Hold.

10:33

Of a saying you are. The Virginia

10:35

Beach metro area, by the way, which also

10:37

ranks third on the overall list of top

10:39

markets, has the highest. Hm I have the

10:41

market to watch. Each. Of

10:44

these, Ten M saw their

10:46

housing market indices increased by

10:48

almost three to nine points

10:50

in the span of just

10:52

six months. We mentioned Cleveland

10:55

In Virginia Beach, there's also

10:57

Detroit, Oklahoma City, San Jose,

10:59

Surprise, Boise City, Salt

11:02

Lake City, Utah, Philadelphia, Chicago

11:04

and Fort Collins, Colorado. Let's.

11:08

Take a look at some housing market

11:10

center in high demand. Us News also

11:12

ranked markets based on a housing demand

11:14

sub index which was based on the

11:17

following data: Five. Points:

11:19

Employment and unemployment figures. Consumer.

11:21

Sentiment. Via. University of

11:24

Michigan household growth median home

11:26

price. Via Redfin and housing

11:28

rental prices be a zillow. Here

11:31

are the top M essays for

11:33

housing demand to stand of I'm

11:35

real quick rally. Denver. Colorado,

11:37

Durham, North Carolina of

11:39

North Carolina. My goodness.

11:41

Virginia Beach, North Carolina,

11:44

Boise City, Idaho's Phoenix,

11:46

Arizona, Colorado Springs, Greeley.

11:48

Colorado was well. Atlanta

11:50

and San Jose Again,

11:52

pretty cool. Here's. The

11:54

bottom line. There.

11:56

Are endless. Possibilities.

11:59

For. Compiling housing data in order

12:01

to identify opportunities that beyond Us

12:03

News and Zillow. You'll.

12:05

Find a differing list of the hottest

12:08

markets from realtor.com. Ultimately,

12:10

It might be beneficial to compile your

12:12

own data based on all these big

12:14

names and big players and analyze it

12:16

based on the factors most relevant to

12:18

your investment strategy and budget. We.

12:21

Should all do this? But. It If

12:23

you need a place to start, consider

12:25

the U S News Housing Market Index.

12:27

The Hm I from Markets to Watch

12:29

based on changes in Hm I over

12:31

six months might actually be more useful

12:33

to investors in the overall ranking of

12:35

market that are. Already red hot.

12:38

But. It's nevertheless helpful to consider the

12:41

factors that earned Denver the top

12:43

spot, and despite Denver's relatively high

12:45

price to rent ratio. It's

12:47

still kind of a favorable spot

12:50

for investors seeking a reliable markets

12:52

due to it's resiliency, above average

12:54

appreciation, and consistently rapid population growth.

12:58

Cleveland. On the other hand, May.

13:00

Offer an opportunity for newbies of

13:02

the funds who want to ride

13:04

the wave of revitalization in the

13:06

metro. Go. Browns

13:09

Go Guardians. Go.

13:12

Buckeyes. That's

13:14

Columbus. Of say. That

13:20

this Tuesday show. If

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you're just getting started with real estate

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investing and you're ready to jump in

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on the action, oh, you're else than

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learn from. Head over to Apple

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Spot of Fire wherever you get your podcast

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Thing is to find a Bigger Pockets real

13:48

estate records show. You. Can also

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had a bigger pockets.com/podcasts. Thanks.

13:53

For spending some time with us today and I'll

13:55

be back tomorrow. Know. Really? if

13:57

I'm not back tomorrow. Something's.

14:00

Seriously wrong.