2020 s Hottest Housing Markets Will Come From the South  While California Sees a Cooldown

EXCERPT: “The Zillow Home Price Expectations Survey, sponsored by Zillow and conducted quarterly by Pulsenomics LLC, asks more than 100 economists, investment strategists and real estate experts for their predictions about the U.S. housing market. The Q4 survey also asked panelists to rate their 2020 expectations for home value growth compared to the nation in 25 large markets. On average, panelists said they expected U.S. home values to grow by 2.8% in 2020. The share of panelists saying they expected a market to outperform that average was weighed against the share saying they expected it to underperform to create a net score. Austin is the most likely to see home value growth above that expected average this year according to the panelists, earning a score of 76. A whopping 83% of respondents said they expect the Austin market to outperform the U.S., with only 7% saying it will underperform. Southern markets CharlotteAtlanta and Nashville were standouts as well, with scores of 59, 51 and 49, respectively. Charlotte was the only market among the 25 analyzed in which none of the panelists said it would underperform. Of the 14 markets with positive scores, 11 come from Texas or elsewhere in the Southeast or Southwest. The exceptions are DenverMinneapolis and Portland.” FULL STORY: https://prn.to/37zhHgT