Trulia, one of the most popular residential real estate sites in the United States, has named Jacksonville the hottest market to watch.
Trulia created a list of the top 10 real estate markets poised for growth this year. The results were based on five key metrics, including high affordability, strong job growth, low vacancy rates, and home searches on Trulia. Another element is the population of Republicans, because of the 2016 election outcome.
Trulia is an online residential real estate site for home buyers, sellers, renters and real estate professionals in the United States. It was founded in 2004 and purchased by Zillow in 2014. Here’s what Trulia had to say about number one on the list Jacksonville:
- Jacksonville, FL: Jobs and a great location
“Situated on the banks of the St. Johns River and oft-considered part of southern Georgia given its proximity to its northern neighbor, Jacksonville, Fla., has quite a bit going for it. Why is it so appealing? First, there are serious job opportunities. Jacksonville posted a 3.8% job growth rate in 2016, which makes it one of the healthiest markets for employment opportunities in the state. Second, there’s an increasing influx of people — which contributes to the area’s very high ratio of inbound home searches on Trulia by out-of-towners versus outbound searches by locals looking to leave.”
Here’s the entire list of markets to watch in 2017:
- Jacksonville, Florida
- Cape Coral-Fort Myers, Florida
- Deltona-Daytona Beach-Ormond Beach, Florida
- Grand Rapids, Michigan
- Tampa-St. Petersburg, Florida
- Colorado Springs, Colorado
- Charleston, South Carolina
- San Antonio, Texas
- Phoenix, Arizona
- North Port-Sarasota-Bradenton, Florida