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Thursday, 5 January 2017
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Nashville will be hottest real estate market in country for 2017 according to Zillow

by Adrian Mojica

Thursday, January 5th 2017

Music City ranked the hottest real estate market in the country for 2017. PHOTO: MGN

NASHVILLE, Tenn.--It's no surprise Nashville is a booming city in terms of population growth. That growth has translated into Music City being ranked the hottest real estate market in the country for 2017.

The real estate and rental marketplace company Zillow predicts Nashville will be the hottest market thanks to being a major center for healthcare employment and the draw for those in the music industry. Markets were selected by examining the fastest-rising home values, unemployment rates, and strong income growth.

Homes in the Metro Nashville area are expected to appreciate by 4.3% this year, while income growth is expected to rise by 1.1% and the unemployment rate to sit at 4 percent.

Nashville isn't the only Tennessee city to make the list. Knoxville came in at number seven with a forecasted home appreciation of 4.4% with an income growth of 1.1 percent. The unemployment rate forecast was higher than Nashville, coming in at 4.7 percent.

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Posted on 01/05/2017 9:04 AM by Tiffany Olson
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