The housing markets in Florida and Texas were particularly hot—both figuratively and literally—during the pandemic. Buyers flocked to these markets to get more bang for their buck, while also enjoying tax breaks and the sunny weather that comes with both locations. But this attention brought with it more competition, and buyers started to struggle with higher home prices and mortgage rates.
But now Texas and Florida are back at the top of the best housing markets for buyers, according to a Zillow report released Wednesday. These two states dominate the best places for buyers in Zillow’s new market heat index, which takes into account the share of homes that have an accepted offer from a buyer within 21 days or fewer, the share of homes that have a price cut, and engagement with active listings on the website and app.
