Nashville Tops the List of Hottest Housing Markets for 2017
Bring your banjo and a thirst for strong home value growth.
Music City has moved beyond its country roots to become a fast-growing economy with employment by the healthcare industry and big corporate names including Nissan, Randstad and Kroger — plus the popular chain of diners,Shoney’s.
Home appreciation is expected to rocket in Nashville this year by 4.3 percent, while incomes recently grew by 1.1 percent and unemployment is a healthy 4 percent.
Nashville is followed in housing market hotness by Seattle; Provo, UT; and Orlando on Zillow’s list of hottest markets for 2017.
“These hot markets are experiencing change as more people discover them,” saidZillow Chief Economist Svenja Gudell.
Zillow’s economic predictions for 2017 include a warning about a possible worsening of labor shortages for new construction if President-elect Trump follows through on his hard-line stances on immigration and immigrant labor.
Image courtesy of zillow.com