archiveThe U.S. News Housing Market Index compares the health of the top 50+ U.S. housing markets.

Key Takeaways: While the 20 top hottest housing markets are again located in Colorado, North Carolina, Florida and Texas, they’re also located in Tennessee, Oregon, Georgia and Arizona. Three of the top five hottest markets in both June and December were Durham, Raleigh and Charlotte, North Carolina, mostly thanks to strong buyer demand and relatively high affordability. Markets to watch that improved the most between June and December 2023 include Cleveland, Virginia Beach, Virginia, and Detroit. Cleveland's HMI score jumped 8.8 points to 62.3, mostly due to a rise in...

Key Takeaways: The most overvalued markets to purchase a home tend to be located in California, but also include popular vacation home markets in Hawaii, tech-centered Seattle, Washington, and pandemic-era “Zoomtowns” including Greeley, Colorado, and Boise, Idaho. The most overvalued markets to rent a home mostly include markets in Hawaii, California, New York, Florida and South Carolina. You’ll pay more to buy a median-priced home versus renting in several California MSAs as well as in Hawaii, Washington, Colorado and Utah. In the pre-pandemic days of late 2019 and early 2020,...