If you are up tomorrow morning, tune into Fox 4’s Good Day Wednesday morning around 7 a.m. I will be there talking about our hot hot real estate market, and the latest trends report from the folks at Realtor.com. They just released an early look at the May housing market with Advance Read on May Trends, a glimpse into residential real estate inventory and demand trends over the first 3 weeks of the month.
For May 2015, the analysis of data indicates U.S. housing demand remains strong and continues to outpace supply even with some growth in inventory. Realtor.com gets all it’s data from the Realtors, not through a third party, because the organization is actually run by the National Association of Realtors. So this is good stuff.
Jonathan Smoke, realtor.com‘s chief economist, has ranked the nation’s 20 hottest real estate markets. The rankings are based on a real estate hotness index, which is composed of two indicators reflective of demand and supply: the number of views per listing on realtor.com and the median age of inventory in each market.
Texas makes a bold statement on the list with Dallas-Fort Worth at #4 and Austin at #16. (more…)