The top nine real estate markets to watch in 2018 are located in top-tier and second-tier cities that focus on tech, new construction, and attracting millennials, and have sustained job growth.
Austin, Texas is an example of the fusion of all three of those features. Known as Texas' tech capital, Austin's commercial development continues to expand -- Indeed.com intends to lease an 11-story tower from developer Endeavor, and a new, high-end residential tower is being built in the downtown. Curbed reports that Austin's job market is expected to grow by 3 percent, and the city's overall economy will benefit from an influx of millennials.
To create this list, Curbed consulted a number of experts—representing the Urban Land Institute (ULI), RCLCO Real Estate Advisors, Zillow, Trulia, and Realtor.com—to find markets tapped to be fast-growing and most dynamic in 2018. It’s notable that many traditionally top markets, especially in the Northeast, didn’t make the cut.
Advertisement
Related Stories
Sustainability
Mention of Eco-Friendly Home Features Is on the Rise in Sales Listings
Home listing descriptions using eco-friendly terms have been rising over the past five years in line with growing consumer interest in the environment and energy efficiency
Design
What Gen-Z Buyers Really Want in a Home
The fervor of planning for Millennials in the home building industry has now pivoted to Gen Z. So, what does this new generation want?
Building Materials
Lumber Leads Building Materials Prices Higher in March
Overall, the cost of building materials rose during March, with softwood lumber, gypsum products, and concrete all seeing price increases. Only steel mill materials saw price drops
