According to a report by Zillow, San Jose with its low unemployment rate and double digit home value growth, projects to be the hottest housing market in the United States in 2019. Just as it was in 2018, as a matter of fact.
Income growth remains strong in San Jose with the average household income rising by 6.8 percent in 2018. The good news for potential home buyers is that inventory of available homes in San Jose has nearly doubled in recent months.
However, change could be coming in the real estate market as analysts see a move towards the South where homes in Jacksonville and Orlando, for example are selling for six times cheaper than San Jose and rents are three times cheaper on average.