Buffalo, New York, is predicted to be the “hottest housing market” in the United States this year, with strong labor conditions expected to support the city’s home prices, according to a report from real estate marketplace Zillow.
“Competition among buyers never cooled in Buffalo last year, and that heat should keep smoldering through 2025,” said the Jan. 7 report from the company.
Zillow also predicted Buffalo as the hottest market in 2024, “making it the first market to hold the title in back-to-back years.”
Last year, home values in Buffalo appreciated by 5.8 percent. This year, Zillow expects prices to rise by 2.8 percent. A key factor driving home gains in Buffalo is the creation of jobs….