Housing prices and sales soared in 2021, marking a year of ongoing pandemic woes as one that also saw, perhaps, the hottest residential market the country has ever seen.
Online listing giant Zillow (NASDAQ:ZG)(NASDAQ:Z) says home values nationwide rose by nearly 20% in 2021 and expects an 11% jump in 2022. There will be significant market variations, of course, but Zillow analysts expect healthy growth in all 50 of the nation's largest markets.
The same dynamics -- strong local economies, plentiful jobs, and supply lagging demand -- are in play in markets of all sizes across the country. These dynamics pose challenges and opportunities alike for not only real estate investors but also folks just buying a place to live.
Here are 15 markets that stand out, pulled from Zillow's and Realtor.com's 2022 prediction lists (alphabetized).
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.