2020’s hottest ZIP codes, did yours make the list?
August 20, 2020
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In today’s Daily Download episode, HousingWire covers Realtor.com’s list of 2020’s hottest housing markets according to ZIP code.
For some background on the story, here’s a summary of the article:
Compared to last year, the housing market this year has seen some big changes. Notably, people are moving inland from the large cities as the pandemic has created a coastal exodus, prompting apartment dwellers to seek more space and big yards.
Realtor.com released its hottest ZIP codes of 2020 report on Tuesday, which revealed that more towns in the Northeast made the list than last year.
“The hottest zip codes have bucked the national trend of a housing market slowdown during the COVID-19 pandemic,” Danielle Hale, realtor.com’s chief economist said in the report.
“Even during the pandemic, homes in the hottest markets were selling at a blistering pace, with the median days on market in all of the top neighborhoods being under a month,” Hale said. “Likewise, all of the hottest ZIP codes saw demand increase, with rising views per property on realtor.com compared to last year.”
Following the main story, HousingWire covers an article that discusses the launch of the new builder review feature on Zillow, as well as Freddie Mac’s Weekly Primary Mortgage Market survey, which indicates this week’s mortgage rates rose to 2.99% on risk assessment.
The Daily Download examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.
HousingWire articles covered in this episode include the following: