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January 12, 2017
Local real estate firm Zillow placed Nashville in the number one slot on its list of the hottest housing markets of 2017. Seattle is second place. Projections were based on rising home values, low unemployment rates and strong income growth. Following Seattle were Provo, Orlando, Salt Lake City, Portland, Knoxville, Ogden, Denver and Sacramento. In a statement, Zillow chief economist Dr. Svenja Gudell said, “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.”