DS News

DS News_February_2023

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Page 81 of 83

80 The Big Finish Wrap your head around the market's leading indicators. 80 80 MARKET REPORT: CHARLOTTE IS THE PLACE TO BE IN '23 As named by Zillow, Charlotte, North Carolina, will be the hottest market across the country in 2023, followed hotly by Cleveland, Pittsburgh, Dallas, and Nashville. "is year's hottest markets will feel much chillier than they did a year ago," said Anushna Prakash, economic data analyst at Zillow. "e desire to move hasn't changed, but both buyers and sellers are frozen in place by higher mortgage rates, slowing the housing market to a crawl." "Markets that offer relative affordability and room to grow are poised to stand out, especially given the prevalence of remote work," Prakash continued. "e good news for buyers is that monthly housing costs have stopped climbing. Home shoppers who can overcome affordability hurdles will find a more comfortable market this year, with more time to consider options and less chance of a bidding war, even if they're shopping in one of the hottest markets." Hottest Real Estate Markets of 2023 SOURCE: Zillow, "Why Charlotte Will Be 2023's Hottest Market" Cleveland, Ohio Philadelphia, Pennsylvania Pittsburgh, Pennsylvania Charlotte, North Carolina Atlanta, Georgia Nashville, Tennessee Jacksonville, Florida Miami, Florida Dallas, Texas Kansas City, Missouri

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