Housing Will Likely Surge in These Cities
May 25, 2018
The South boasts many of the fastest-growing cities in the U.S., where unemployment is low and companies are hiring. Home prices are rising in many of these cities too, as new residents compete for the limited number of homes for sale.
San Antonio, Texas, is the nation’s fastest growing city lately. Builders are putting up single-family homes in several master-planned communities in the city, and homes priced under $250,000 are getting snatched up in a matter of days. Phoenix saw the second biggest growth with the addition of more than 24,000 new residents.
“Supply is at record lows, and prices continue to climb,” Tucker Blalock, an associate broker at The Brokery in Phoenix, told realtor.com®.
The 10 fastest-growing cities, based on census data, are:
- San Antonio, Texas
- Phoenix, Ariz.
- Dallas, Texas
- Fort Worth, Texas
- Los Angeles, Calif.
- Seattle, Wash.
- Charlotte, N.C.
- Columbus, Ohio
- Frisco, Texas
- Atlanta, Ga.
“The Fastest-Growing U.S. Cities Aren’t Where You’d Expect—and Home Prices Are Rising in Them,” realtor.com® (May 24, 2018)
Updated: October 17, 2018