Real Estate
Zillow Predicts Puget Sound Housing Market Will Be No. 2 Hottest In 2017
Expect home prices in the region to continue to grow in 2017, Zillow says.
More good news for Puget Sound homeowners, and perhaps bad news for Puget Sound home buyers: Zillow is predicting that the Seattle metropolitan area will be the No. 2 hottest housing market in the U.S. in 2017.
The Seattle metropolitan area - which includes all the cities from Everett to Bellevue to Tacoma - will see home values appreciate 5.6 percent (second in the U.S. next to Provo, Utah) on average, will see income growth of 1 percent, and an unemployment rate of 4.4 percent, according to Zillow.
The Seattle-based real estate company used data on home price growth, unemployment, and income to make its forward-looking list.
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Here's the full list:
| Rank | Metro Region | Predicted Home Value Appreciation | Income Growth | Unemployment |
| 1 | Nashville | 4.3% | 1.1% | 4% |
| 2 | Seattle | 5.6% | 1.0% | 4.4% |
| 3 | Provo, Utah | 4.3% | 1.0% | 2.7% |
| 4 | Orlando | 5.7% | 1.0% | 4.5% |
| 5 | Salt Lake City | 4.3% | 1.0% | 2.8% |
| 6 | Portland | 5.2% | 1.0% | 4.8% |
| 7 | Knoxville | 4.4% | 1.1% | 4.7% |
| 8 | Ogden | 4.7% | 1.0% | 2.9% |
| 9 | Denver | 3.6% | 1.0% | 2.9% |
| 10 | Sacramento | 4.8% | 1.0% | 5.2% |
"Zillow's 2017 list highlights that jobs and opportunities are increasingly growing in smaller markets away from the coasts," Zillow Chief Economist Dr. Svenja Gudell said in a press release. "Mid-size cities like Salt Lake City, Portland, and Nashville are desirable places to live, with good employment opportunities and steady economic growth. The growth and demand for housing will drive up home prices in 2017, and these hot markets are experiencing change as more people discover them."
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