John Ecklein
Realty ONE Group|Complete

Your REAL ESTATE ADVISOR, Serving the Placer & Sacramento Counties







SACRAMENTO REAL ESTATE MARKET ONE OF THE TOP 10 HOTTEST MARKETS

“California's capital, Sacramento, is one of the more affordable large metros in the state,” according to Zillow’s January report. “Home prices are rising quickly, but are still 58 percent less expensive than the median Bay Area home.”

Sacramento home values are expected to increase by nearly 5 percent during 2017, Zillow predicts.

For the report, Zillow looked at markets with quickly rising home values, low unemployment rates and strong income 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,” Zillow’s chief economist Svenda Gudell.

Across the country, Zillow forecasts home values are expected to increase by 3 percent during 2017.

Here’s a look at the top 10 list, which is largely made up of Western cities:

10) Sacramento, Calif.

Predicted Home Value Appreciation: 4.8 percent
Income Growth: 1 percent
Unemployment Rate: 5.2 percent

9) Denver, Colo.

Predicted Home Value Appreciation: 3.6 percent
Income Growth: 1 percent
Unemployment Rate: 2.9 percent

8) Ogden, Utah

Predicted Home Value Appreciation: 4.7 percent
Income Growth: 1 percent
Unemployment Rate: 2.9 percent

7) Knoxville, Tenn.

Predicted Home Value Appreciation: 4.4 percent
Income Growth: 1.1 percent
Unemployment Rate: 4.7 percent

6) Portland, Ore.

Predicted Home Value Appreciation: 5.2 percent
Income Growth: 1 percent
Unemployment Rate: 4.8 percent

5) Salt Lake City, Utah

Predicted Home Value Appreciation: 4.3 percent
Income Growth: 1 percent
Unemployment Rate: 2.8 percent

4) Orlando, Fla.

Predicted Home Value Appreciation: 5.7 percent
Income Growth: 1 percent
Unemployment Rate: 4.5 percent

3) Provo, Utah

Predicted Home Value Appreciation: 4.3 percent
Income Growth: 1 percent
Unemployment Rate: 2.7 percent

2) Seattle, Wash.

Predicted Home Value Appreciation: 5.6 percent
Income Growth: 1 percent
Unemployment Rate: 4.4 percent

1) Nashville, Tenn.
Predicted Home Value Appreciation: 4.3 percent
Income Growth: 1.1 percent
Unemployment Rate: 4.4 percent