Zillow says Charlotte housing market will be nation’s hottest for 2023
Charlotte has landed atop a list by Zillow predicting the nation’s hottest housing markets in 2023.
With the national housing market expected to continue to cool this year as affordability issues dampen demand, Zillow says it finds Charlotte as best equipped to navigate those choppy waters based on a couple of key factors.
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For starters, Zillow forecasts the Queen City to post the second-highest growth in home values among the nation’s largest metros this year, following Tampa, Florida. It also ranks second for anticipated growth in owner-occupied households, trailing Austin, Texas. Zillow projects that the Charlotte metro will see a 6% increase in owner households from 2022 to 2023.
Zillow’s list is dominated by metros with relatively affordable housing markets, each of which have strong projected home-value growth, solid economic fundamentals, relatively fast-moving inventory and plentiful likely buyers.
(WATCH BELOW: Charlotte approves $20M to cover cost overruns for affordable housing projects)
