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This midwestern city has the hottest real estate market in U.S.

This midwestern city has the hottest real estate market in U.S.

CBSN
Tuesday, August 13, 2024 04:48:51 PM UTC

Oshkosh, Wisconsin, the home of popular children's brand OshKosh B'Gosh, now has a new claim to fame. The midwestern city boasts the hottest real estate market in the U.S., according to a new study from Realtor.com.

Oshkosh's relatively affordable home prices, plus idyllic surroundings, including lakefront vistas, have catapulted the city to the top spot on the list of most desirable housing markets in the U.S. The combination of those two factors made it especially attractive to homebuyers as mortgage rates started to climb in 2022 and amid soaring home prices which have remained elevated across much of the country. The U.S. home price index up 47% compared with 2020. 

"Situated on Lake Winnebago, Oshkosh offers buyers affordability in an idyllic setting," Hannah Jones, senior economic research analyst for Realtor.com, said in a statement.

Read full story on CBSN
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