Driven by quickly rising home prices and a tech job market that continues to draw more workers, the online real estate database Zillow has projected San Jose to be the nation’s hottest housing market in 2018 with San Francisco fifth in its top 10 list.
California, North Carolina and Texas each have two cities in Zillow’s top 10, which is based on a mix of six variables:
- Its own home value and rent index forecasts for the year,
- Income growth estimates,
- Population growth,
- Unemployment rates,
- Job openings per person.