Denver ranked hottest housing market in us

Denver is the USA's hottest housing market for 2016, as 2015's tech-driven trends are set for a change.

Denver saw home values rise 16 per cent in 2015, according to Zillow, which is forecasting them to rise another 5 per cent in 2016, along with Portland. The research compared home prices, unemployment rates and income growth across the US to determine which markets are 2016's hottest.

Denver is followed by Seattle and Dallas-Fort Worth, all of which are major tech towns, which make them ideal for job growth.

Other places that made the list, though, are Utah markets Ogden and Salt Lake City, along with and Boise, Idaho, and Omaha, Nebraska - which has the lowest unemployment rate of the ten hottest markets, at just 2.9 per cent.

"Trendy tech centers like San Francisco, Seattle and Denver hogged the spotlight in 2015. But this year, the markets that shine brightest will be those that manage to strike a good balance between strong income growth, low unemployment and solid home value appreciation," explains Zillow Chief Economist Dr. Svenja Gudell.

"As the job market continues to hum and opportunity becomes more widespread, the best housing markets are no longer limited to the coasts or one-industry tech towns. This year's hottest markets have something for everyone, whether they're looking for somewhere to raise a family or start their career."