"Great Lakes Cities Dominate Zillow's Hottest Housing Markets for 2024"
Tampa Bay has been ranked as the 10th hottest housing market for 2024 by Zillow, after not making the list in the previous year. Affordability has become a key factor in this year's rankings, with cheaper Midwest cities like Buffalo, Cincinnati, and Columbus leading the list. The shift in hot markets from southern to upper Midwest and Great Lakes regions reflects a change in home value appreciation, market duration, and job growth. Zillow's data shows a cautiously optimistic outlook for the housing market stabilization in 2024, with a forecast that only 15 of the 50 largest markets will see home value increases.