Top 10 U.S. Housing Markets to Watch in 2016
Mirror, mirror, on the wall, which real estate market will be the hottest of them all (at least, in 2016)?
According to Realtor.com®, that market just might be Providence, RI. In its “10 Real Estate Markets to Watch in 2016,” Realtor.com pegged the “Creative Capital” as one of the top up-and-coming markets to watch, citing strong demand for housing, a prosperous job market, and low unemployment.
Realtor.com’s economists predict a home price appreciation of 3 percent or more for Providence in the coming year.
To come up with its list, Realtor.com Chief Economist Jonathan Smoke didn’t turn to tasseography. Instead, he examined the forecasted growth of those markets that were equal to or better than the U.S. average.