Zillow expects Ohio’s Biggest cities to be among country’s hottest housing markets

 

This Story Comes from https://spectrumnews1.com/ and it talks about the hottest real estate markets. 

"Even with elevated interest rates, it never seems like houses stay on the market for very long.

And now there’s a new list that shows Ohio may be home to the hottest market in the entire country.

“When you think of Ohio, you think of those top three — you think of Cleveland, Columbus and Cincinnati. And you cannot go wrong with all three,” said Morgan Shawver, a real estate agent and recent first-time home buyer. “The best thing you can invest in on earth is earth so being able to own a little part of land or a home and then building that equity it snowballs, and I think the younger people and our generation they’re just starting to learn that."

According to the predictions from Zillow, the Ohio real estate market is benefiting from those lessons.

Cincinnati, Columbus and Cleveland are all expected to be among the top 10 housing markets in 2024.

The Buckeye State is the only one to boast three cities in the top 10, with Cincinnati and Columbus taking the second and third spots on that list, respectively. Cleveland ranks eighth.

“This state encompasses just about everything. You have Ohio State University, you have Ohio University, all these bigger colleges even just within a few hours of Columbus, you just have so much affordability and so much growth that is going to happen so we just loved it,” Shawver said.

Zillow used factors like strong demand, steady home values, job growth and a growing number of homeowners all play a part in the rankings. 

The website predicts Columbus will have a higher percentage of new owner-occupied homes than any other major metro area this year.

Ohio’s capital city jumped 17 spots from last year, while Cleveland fell two spots from 2023.

 “I just think again there’s so much growth going on in all three. In Cleveland you have professional sports, in Cincinnati you have professional sports, Columbus you have such a good base of things to do, but also young professionals can come here and really plant their grounds and do so much in all three of those, but also right outside of three of those cities are such great school systems and can be a great place to raise a family,” Shawver said.

Meanwhile, with companies like Intel, Google and Amazon adding new positions in the Buckeye state, it could add up to a housing boom across the state.

“All three have so much to offer no matter where you are in your life. It has just been amazing to watch all three of those blow up, especially now with Intel coming too. I just think all three are going to continue to grow,” Shawver said."

The key is cost of living and Jobs and Cleveland Ohio has all that in spades. 

Need good real estate to create income and wealth with?

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