These Will Be The 10 Hottest American Housing Markets In 2014

The housing recovery has been going strong and
home prices have been upfor the twentieth straight month.

But the pace of home price growth is expected to moderate in 2014.

Zillow expects home prices will increase 3% in 2014.

But drawing on the projected increases in home prices between October 2013-2014, currently low local unemployment rates, and healthy population growth rates, Zillow has identified what are expected to be the 10 hottest housing markets in 2014.

Portland-Vancouver-Hillsboro, Oregon-Washington

Home price forecast:
2.5%

Two-year population growth:
2.87%

Unemployment:
7.1%

Source: Zillow

Miami-Fort Lauderdale-Pompano Beach, Florida

Home price forecast:
3.4%

Two-year population growth:
3.56%

Unemployment:
7.3%

Source: Zillow

Austin-Round Rock-San Marcos, Texas

Home price forecast:
2.0%

Two-year population growth:
6.88%

Unemployment:
5.2%

Source: Zillow

Seattle-Tacoma-Bellevue, Washington

Home price forecast:
6.6%

Two-year population growth:
3.27%

Unemployment:
6.1%

Source: Zillow

Salt Lake City, Utah

Home price forecast:
7.5%

Two-year population growth:
3.29%

Unemployment:
4.5%

Source: Zillow

But some of these markets are still drowning in foreclosures...

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.