1059 ET - Buffalo, New York, is set to be the hottest housing market in 2025, according to Zillow, the first time a market has repeated the title in back-to-back years. Factors include affordability, limited inventory, and high job growth relative to new homes. The ranking considers home value growth forecasts, sales speed, job creation, and expected increases in homeowner households. Buffalo's market was hot in 2024, with sellers holding negotiation power. Zillow says hot markets spread from the Northeast, Great Lakes and South regions into the Midwest and West. Virginia Beach jumped farthest up Zillow's list from 2024, leapfrogging over 23 markets. (chris.wack@wsj.com)
(END) Dow Jones Newswires
January 07, 2025 10:59 ET (15:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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