Key markets to watch in 2015 for robust housing activity are mostly on the East Coast, the South and the West Coast, according to projections from Trulia. And in those metro areas, post-recession investor behavior no longer drives growth; rather, Trulia says, it’s the healthier labor market, especially for young adults. Trulia’s top 10 markets – which include Seattle, Fresno, San Diego, Dallas, Nashville and Raleigh – have strong “fundamentals” that will stimulate housing activity, including strong job growth, which drives housing demand, and low vacancy rates, which in turn encourages more construction. “If 2015 brings strong job growth, big income gains and the long-awaited jump in household formation, then 2016 could be the year when we see a major turnaround in homeownership and single-family construction,” said Jed Kolko, Trulia’s chief economist. [Read this article]
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