10 hidden gem housing markets

and Tucson is one of them. 

According to a recent article in Market Watch
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These 10 ‘hidden gem’ housing markets are poised for major growth in 2022, Realtors predict

By
Jacob Passy

Home-price appreciation is expected to slow next year — but some markets will continue to stand out

Next year may not see the runaway home-price growth of 2021, but certain markets are set to see prices rise considerably in the new year.

The National Association of Realtors conducted a survey of more than 20 economic and housing experts to gauge their expectations of home-price growth, inflation and interest-rate movements in the year ahead. The group predicted that median home prices will rise by 5.7% in 2022, compared with a 4% rate of inflation overall.

Meanwhile, these experts projected that the Federal Reserve would opt to hike interest rates twice by 0.25%. On Wednesday, the Central Bank said it was projecting three interest-rate hikes next year, as well as three in 2023 and two in 2024.

Depending on whether the Fed’s current projection holds true, the rate of home-price growth could be even lower next year.

“Slowing price growth will partly be the consequence of interest rate hikes by the Federal Reserve,”

Lawrence Yun, chief economist at the National Association of Realtors, said. Higher rates will tamp down the pace of home sales, which Yun projects will fall to 5.9 million from the annual rate of 6 million estimated for all of 2021.

Some undervalued housing markets could attract buyers in 2022

Amid this backdrop, though, the National Association of Realtors expects some housing markets to see bumper price growth. The organization’s economists came up with a list of 10 “hidden gem” markets where price appreciation will outpace the national average. These markets include,
in alphabetical order:

• Dallas-Fort Worth, Texas
• Daphne-Fairhope-Farley, Ala.
• Fayetteville-Springdale-Rogers, Ark.-Mo.
• Huntsville, Ala.
• Knoxville, Tenn.
• Palm Bay-Melbourne-Titusville, Fla.
• Pensacola-Ferry Pass-Brent, Fla.
• San Antonio-New Braunfels, Texas
• Spartanburg, S.C.
• Tucson, Ariz.

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Continued from Market Watch

I agree, Tucson is a gem. But a hidden gem?, it sure doesn't seem like it to those of us trying to help buyers find a home. For the last 18 months buyers have been coming here from all over the country in greater numbers and with bigger appetites to find a home to buy. And with the market as hot as it's been, with homes selling faster than ever before and at much higher prices it is hard to see how anyone could/would call Tucson hidden. But maybe, we'll soon see. January, traditionally the beginning of our snowbird busy season is right around the corner.

Take care, stay safe

John Schneider /Realtor®
Tierra Antigua Realty
johnschneiders@gmail.com
520 271-4164 

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