Which Are the Hottest Zip Codes of Seattle
A forecast related to annual home price growth has been conducted by Fiserv CSW at the metro level for over last several years. The forecast error is less than 2 per cent in this period. The group has identified the hottest zip codes in different metro cities in Seattle, WA.
The hottest zip codes in different metros are identifies by tracking the housing performance. The researchers also look at repeat sales data for a sample of houses in each zip code, a method they consider more accurate than simply looking at changes in an area's median home price.
http://money.cnn.com/pf/features/lists/topzipcodes/index.html
In order to make a forecast for the next year, the criteria that are primarily considered include the following:
1. Past price changes
2. Employment trends
3. Interest rate trends
After these criteria are used to make the forecasts, the final adjustments are made to individual areas to account for other factors which could also influence the housing in a given area.
Considering these factors the hottest zip codes that have been identified in Seattle are 98126, 98106, 98109, 98107, 98117, 98103, 98199, 98106, 98116, 98105 and 98168.
