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Zillow Survey Predicts Austin will be the Nation's Hottest Housing Market in 2021, Leading a Sunbelt Surge

Zillow Survey Predicts Austin will be the Nation s Hottest Housing Market in 2021, Leading a Sunbelt Surge
More affordable metros are replacing expensive coastal areas as top drivers of home value growth
A panel of economists and real estate experts expect Austin to outperform the national market by the largest margin, followed by Phoenix, Nashville, Tampa and Denver
Expensive coastal markets New York, San Francisco and Los Angeles are most likely to underperform, though Zillow expects growth in every market
Key tailwinds include an improved economic outlook underpinned by progress on coronavirus vaccines, while affordability and available supply are potential drags ....

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This City Is Poised To Become The Hottest Real Estate Market Of 2021

Thomas Brown | Photo credit: The Agency Texas
Zillow’s quarterly Home Price Expectations Survey, which taps a panel of economists, investment strategists and real estate experts, identified Austin as the market with the highest likelihood of outperforming the national average of home price increases in 2021, with 84 percent of respondents thinking it would outperform.
A number of southern and Sun Belt metro areas followed close behind, with the more classically expensive coastal metros like Los Angeles, New York and San Francisco falling behind.
“During the pandemic, I think a lot of people spending a big portion of their paycheck on rent or mortgage in cities like New York and San Francisco started working from home and suddenly had options,” Thomas Brown CEO of The Agency Texas and a Zillow Premier Agent, said in a statement. ....

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