Fort Lauderdale Makes List of Top Five Housing Markets in U.S.
According to a report by Auction.com, Fort Lauderdale ranked fourth in a top five list of best single-family housing markets in the U.S.
The city rankings were based on current and expected future housing fundamentals, which, according to worldpropertyjournal.com, displayed “rising home prices, favorable affordability, strong housing demand and excellent economic and demographic conditions pointing to future demand.”
With robust local economies and strong population growth, the southwest remains the strongest U.S. region overall, while the west and southeast continue to show promise in driving housing demand.
Fort Lauderdale’s housing market has come a long way since its rapid decline during the recession but in 2014, there was a population growth of 1.3 percent and a 4.2 percent increase in employment.
Auction.com’s complete list of top five housing markets is as followed:
1. Denver, Colorado
2. San Antonio, Texas
3. Nashville, Tennessee
4. Fort Lauderdale, Florida
5. Dallas, Texas