The Best Places To Buy A Home In The U.S., According To A New Analysis

With an estimated 6 million homes sold in 2021, the U.S. housing market experienced a record hot year with prices also skyrocketing — a trend that’s only set to continue. Of course, deciding to purchase a new home typically requires weighing up numerous details from cost, location, and amenities to job opportunities and crime rates. Now, a new analysis by real estate platform Zillow has identified the hottest housing markets across the U.S. expected in 2022 based on job opportunities, expected home value appreciation, and for-sale inventory volume — making it easier for buyers to find their new homes.  

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Tampa, Florida

“Tampa is predicted to be the hottest market for 2022 due to a combination of reasons, keeping sellers in the driver’s seat into 2022”, says Zillow economist, Nicole Bachaud. “Tampa’s home values are projected to grow 24.6% this year, a strong forecasted growth that helped land it at the top of this list”. An ample housing supply, warm weather, and strong job market also helped to push Tampa into the number one spot.

Jacksonville, Florida  

Jacksonville, Florida takes second place as one of the best areas to purchase a home in 2022. “The Jacksonville metro area is one of the most exciting markets to buy in right now because it is fair to both sellers and buyers”, says Lazaro Marganon, head of the Jacksonville-based Marganon Group. “We have a somewhat competitive market that is not ballooning home prices nor is coming at below-asking prices”. Buying a home is, of course, expensive and most people use loans to finance the purchase. By refinancing their mortgages, homeowners have the opportunity to switch to a loan with better terms and rates, ultimately saving money. A refinance calculator can be used to determine how much monthly and total loan payments can be reduced by refinancing. 

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Raleigh, North Carolina 

Affordable living costs and a strong job market has made Raleigh in North Carolina an attractive area for homebuyers for the past few years. “Raleigh, North Carolina will give your property sustained appreciation. In college areas like Raleigh, you can count on a stable marketplace for homes”, says Daniel Osman, Head of Sales at Balance Homes. Moreover, Raleigh is also a reliable location for rental property investment. 

The U.S. property market is booming. Tampa and Jacksonville, Florida, and Raleigh, North Carolina are some of the best places buyers should look in 2022.