Tacoma on Top 10 list of hot real estate markets in 2016

Hats off, Tacoma: You’re No. 10, which is good.

In its annual look ahead at the real estate market nationwide, the online property service and real estate company Trulia (a division of Zillow) has granted Tacoma a spot in its “Markets to Watch in 2016.”

“While we expect some of the hottest housing markets to continue cooling in 2016, we have identified 10 markets that we think have strong potential for growth in the year ahead,” Trulia said in its report released Thursday.

The company stated it has identified the top markets based on five primary criteria including strong job growth over the past year, low vacancy rates, high affordability, more inbound home searches than outbound and a large share of millennials.

The 10 soon-to-be-hot markets include: Grand Rapids-Wyoming, Michigan; Charleston, South Carolina; Austin, Texas; Baton Rouge, Louisiana; San Antonio, Texas, Colorado Springs, Colorado; Columbia, South Carolina; Riverside-San Bernardino, California; Las Vegas, Nevada; and Tacoma.

Among predictions for 2016, Trulia offers that the housing markets on the “Costly Coasts” will continue to cool, but Southern and Midwestern markets will boom to become the “Bargain Belt.” Also, renters may get some relief with the coming of more multifamily construction, and buying “will remain a better than renting nationally, even if mortgage rates rise.”

This story was originally published December 3, 2015 at 12:14 PM with the headline "Tacoma on Top 10 list of hot real estate markets in 2016."