House hunting will always be an ongoing endeavor regardless of economic conditions. Americans weigh several factors when selecting their next home , including affordability, crime rates, location, job opportunities, climate, taxes, proximity to amenities, and other aspects. Some U.S. cities can be more appealing to homebuyers if the prices are right and the area’s attributes align with their needs .
For those needing guidance during the homebuying process, U.S. News & World Report released a report ranking the hottest housing markets. The website utilized data to determine their picks:
“Our analysis of the hottest housing markets pulls from the U.S. News Housing Market Index, which incorporates a wide array of data points and provides a simple yet comprehensive way to rank the covered metropolitan statistical areas (MSAs) from frozen to blazing on a scale of 1-100. This particular ranking is based on data from December 2023.”
A popular city in Colorado claimed the crown in this study, and it’s the Denver metropolitan area , which includes Lakewood and Aurora! The Mile High City ranked at No. 1 thanks to several factors, including “low employment, few mortgage delinquencies, low rental vacancy rates for investors, and a positive ratio of building permits to job growth,” analysts explained.