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Real Estate News

March 2017

Five Housing Markets on the Verge of a Tech Boom

Housing markets to be transformed by technology.

The top 5:

1. Chicago
2. Houston
3. Boston
4. Denver
5. Philadelphia

Fifty-one percent of those surveyed ranked Chicago as the top tech hot spot of the future. The Windy City is likely to attract younger professionals who have worked in technology 5 years or less, according to the survey.

Houston and Boston ranked second and third, respectively, with 47 percent and 43 percent of the vote. Houston is likely to attract a range of professionals, from those who have not completed a college degree to those who have worked in technology for more than 10 years. Boston, like Chicago, is likely to attract younger professionals, aged 26-34.

Denver, which has seen home prices appreciate at an above-average rate since the recession, was ranked fourth at 36 percent. Philadelphia, at 31 percent, also made the top five.

Other up-and-coming technology-driven markets, according to the survey, include Dallas, Detroit and Omaha.   

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