Buffalo, New York, made the top of the list, as the area is slated to see increased job growth compared with the number of approved construction permits for new homes.
The list is based on an analysis of home value appreciation, how long it takes to sell a home and job growth relative to housing supply.
What a 'hot' market means for buyers"Market heat" refers to the level of competition among buyers; when you have more buyers than sellers, you have a hot market, Divounguy said.
"They're looking into warmer areas, favorable tax conditions and better housing affordability."
Where the housing market is cooling
Persons:
Grace Cary, Orphe Divounguy, Divounguy, Jessica Lautz
Organizations:
Finance, National Association of Realtors
Locations:
South, Northeast, Midwest, Buffalo , New York, Florida