Grand Rapids named No. 2 Top Housing Market to Watch in 2019
Popular housing search platform, Trulia.com, has evaluated 100 of the largest metropolitan areas in the U.S. in search of the hottest housing markets. The company developed a top 10 list, where Grand Rapids, Michigan snagged second place.
When scoring cities, the Trulia team considered the following factors:
Job growth over the past year, as a measure of a robust economy.
Vacancy rates, as an indicator that housing supply does not exceed demand.
Good starter-home affordability, as a signal that first-time home buyers stand a chance at buying a home.
More inbound than outbound home searches on Trulia, as a gauge that more people are interested in that market than those looking to leave.
A large share of the adult population under the age of 35, which represents more potential first-time buyer
Last year, Grand Rapids took the number one spot on the ranking, and only missed the mark by 2.5 points in 2018.
Top 10 Housing Markets to Watch in 2019
Colorado Springs, Colo.
Grand Rapids, Mich.
El Paso, Texas
Oklahoma City, Okla.