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Skyrocketing demand, inflation,rising interest rates, and dwindling supply have resulted in higher home prices.
However, some housing markets in the South and Gulf areas are pretty cool at the moment.
Homeowners insurance premiums have risen, which has made owning a home in these areas more expensive.
There are 20 metro areas in particular with cool housing markets that are slated for significant growth.
Now might be the moment to jump in before these areas turn hot.
Many of these cities have future upside potential.
Each housing market is ranked by three indicators: supply score, demand score and hotness score.
The hotness score is an equally weighted composite metric of a regions supply score and demand score.
Lake Charles, Louisiana
2.
Houma-Thibodaux, Louisiana
3.
Panama City, Florida
4.
Punta Gorda, Florida
5.
Naples-Marco Island, Florida
6.
Cape Coral-Fort Myers, Florida
7.
McAllen-Edinburg-Mission, Texas
8.
Miami-Fort Lauderdale-Pompano Beach, Florida
9.
Brownsville-Harlingen, Texas
10.
Las Cruces, New Mexico
11.
Phoenix-Mesa-Chandler, Arizona
12.
Albany, Georgia
13.
Lafayette, Louisiana
14.
Crestview-Fort Walton Beach-Destin, Florida
15.
El Paso, Texas
16.
Honolulu, Hawaii
17.
Lakeland-Winter Haven, Florida
18.
Deltona-Daytona Beach-Ormond Beach, Florida
19.
Daphne-Fairhope-Foley, Alabama
20.
Corpus Christi, Texas
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