CNN Money recently published an article outlining the top 10 real estate markets to watch for growth in 2015. Gary Richetelli recaps the five most important markets from CNN's list. The

1. Gary Richetelli
Top 5 Housing Market
Growths of 2015

2. For the past few years, the housing
market has been performing rather
well, but it is still quite far away from
returning to its former glory

3. The persistently scant number of new
homebuyers has been the primary
reason behind the slow progress of
the housing market, but experts at
Realtor.com predict that things are
about to change for the better

4. As 2015 approaches, the Millennials are
now moving towards embracing real
estate investments and this is largely due
to the somewhat stable job markets

5. Factoring in employment rate, affordability,
population growth rate and 12 other points of
analysis, Realtor.com has estimated home sales
rate to rise by 25% in 2015, including a significant
rise in the number of first time homebuyers

6. The following places are expected to
experience highest growth rates in their
housing markets next year

7. 1. Denver
(+14% Home Sales Forecasted)

8. Since the beginning of economic
recovery, Denver has been one of the few
places to enjoy a steady local economy

9. Denver has already overcome the job
losses during the recession and now
boasts an unemployment rate below
average in its metro area, while the
job growth rate is higher

10. It is, therefore, not surprising that
Denver is expected to have the highest
growth rate in home sales in the nation

11. 2. Atlanta
(+11% Home Sales Forecasted)

12. Though Atlanta was not swift to recover
from the blow of the recession, within the
next year, it is expecting a growth in home
sales rate due to its low housing prices

13. Atlanta used to lead the market in terms of
population and household growth and is now
displaying signs of rising back in the next 5
years, with a 6% increase in homeowners

14. 3. Phoenix
(+11% Home Sales Forecasted)

15. The housing market in Phoenix, a major
contributor to its growth, plummeted down
by almost 60% after the recession

16. Phoenix’s home construction industry has
bounced back since and is predicted to
remain busy in the years to follow

17. 4. Washington, D.C.
(+10% Home Sales Forecasted)

18. Washington D.C. experienced a heavy cut in
government spending in 2013 and early 2014 and
despite the government gridlock slowing down
its employment rate, has managed to grow
mainly due to the diversification of its economy

19. With a booming tech industry and
multitude of corporations, D.C. has
been experiencing a steady rise in job
growth rate and is expected to become
one of the top 5 metro areas in terms
of new housing over the next 5 years

20. 5. Minneapolis
(+9% Home Sales Forecasted)

21. With very low unemployment rates,
most of Minneapolis’s younger
population is able to afford new homes

22. Minneapolis also has a substantially
higher household income (an
estimated $83,000) in comparison to
the national average of about $64,000

23. The affordability and the strong economic
growth creates an attractive combination
for the Millennials to consider Minneapolis
an ideal choice for home ownership

24. To read more, visit:
!
http://money.cnn.com/2014/12/04/real_estate/
hot-housing-markets/index.html