Zillow has released its list of hot housing markets for the next 12 months. And if this list had a theme song, it would be California Love. San Jose is Zillow's #1 hottest housing market for 2019, San Francisco is #6, with San Diego coming it at #10.
And here's the thing. We knew the Bay Area was hot, right? We want something that will surprise us. And here it is...
From a hot streak to a cold snap: Seattle's housing market is officially out of the top 10.
So maybe it's the rain, maybe it's the news of Jeff Bezos' divorce, or just the fact that he went and announced 2 new Amazon headquarters last year, but the official home of grunge just got a little grungier.
How far did Seattle fall? In 2018, it was #3. Now it's #14, just after Austin, Texas.
It's not necessarily bad news: It's boomtown for buyers, and they're going to picking up some screaming deals at least for the next few months.
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So how did Zillow come up with this list? It scanned 50 metros for 'hotness' (sounds offensive) and rent/value forecasts, population, and job openings were all factors.
Our thoughts? Don't count Seattle out just yet. It's home to some of the biggest companies in the world, it's an epicenter for tech, food, beer, and coffee, it's about to get its own NHL team, and when the mountain's out, there's nowhere prettier.