The hottest housing markets of 2020: 3. Tucson, Ariz. 2. McAllen, Texas Can you guess 1?
Forget Seattle, Denver and San Francisco. Boise, Idaho, is poised to be the hottest housing market at the start of the next decade.
Boise’s already seen a boom in terms of housing. A recent report from the Federal Housing Finance Agency showed that home prices in the Idaho state capital have risen 11.1% over the last year.After Boise, McAllen, Texas, and Tucson, Ariz., ranked No. 2 and No. 3 on Realtor.com’s list. McAllen’s affordable home prices, combined with Texas’ favorable tax environment, have made the border city an attractive destination for home buyers looking to move.
Other trends are also expected to drive people’s interest in certain parts of the country over others. Realtor.com described many of the hottest housing markets as “sister cities.” Areas like Memphis and Colorado Springs are similar — and close — enough to larger, pricier cities like Nashville and Denver to make them attractive alternatives.
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