Many experts are saying the housing market will continue to cool next year as mortgage rates remain high, but that doesn’t necessarily mean lower prices and less competition are coming to every city.
With high mortgage rates and potential homebuyers priced out of larger cities, smaller metros are primed for a surge in popularity next year.
The National Association of Realtors (NAR) expects these 10 housing markets to outperform other cities in 2023:
- Atlanta-Sandy Springs-Marietta, Georgia
- Raleigh, North Carolina
- Dallas-Fort Worth-Arlington, Texas
- Fayetteville-Springdale-Rogers, Arkansas-Missouri
- Greenville-Anderson-Mauldin, South Carolina
- Charleston-North Charleston, South Carolina
- Huntsville, Alabama
- Jacksonville, Florida
- San Antonio-New Braunfels, Texas
- Knoxville, Tennessee
Economists at NAR identified these cities using 10 key criteria, including their relative affordability compared to other parts of the country, strong job opportunities, fast population growth and ample inventory.
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