Hidden Gem Housing Markets Of 2022 | HB Value Homes
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HB Value Homes is building new homes in 'Hidden Gem' housing markets including Palm Bay and Pensacola. 

Great Value in Hidden Gem Housing Markets

If you've been on the fence about buying a new home in 2022, you might want to take a look at some of the projections from the National Association of Realtors (NAR). After a wild real estate ride in 2021 that saw the largest increase in median home prices in history, homebuyers have hoped that prices will calm down, or even decrease in 2022. But that is not what is expected.

In fact, NAR projects a 5.7% increase in median home prices in 2022. And those low-interest rates of 2021 are starting to go up. All of this adds up to moderate growth in the real estate market and a continuation of a seller's market. The good news is, there are more homes coming on the market, and some markets have been identified as 'Hidden Gems'. What is a Hidden Gem? NAR defines it as a metro area with a population of at least 200,000 people. Furthermore, these cities are drawing in new residents thanks to strong wage and job growth, access to broadband services - key for remote workers, and younger populations. In terms of value, housing is still relatively inexpensive given the high median family income in each area.

HB Value Hidden Gem Markets

Among the ten metro areas identified by NAR as 'Hidden Gems' are the Palm Bay-Melbourne area and Pensacola. These Florida cities feature new home communities by HB Value Homes. Palm Bay, located on Florida's Space Coast is a growing high-tech area, supported by defense industry giant Harris Corporation, and the Kennedy Space Center in nearby Cape Canaveral. Gulfport Key, a new community in Palm Bay has recently begun selling and features a King floorplan home as the showcase model. 

HB Value Homes also offers new homes on scattered lots throughout the city of Palm Bay. As the largest municipality on Florida's Space Coast, Palm Bay offers nearly 100 square miles of land, beautiful natural resources, and a healthy, growing economy. HB Value Home model centers are open Monday through Saturday from 9:30 am to 5:30 pm, and Sundays from noon to 5 pm.

High Value Areas

Kaylee's Landing a new HB Value community is nearly sold out after being introduced in mid-2021. However, homebuyers have an opportunity to own a home in Pensacola with a new community named Schooner Landing. HB Value Home model centers in Florida's Panhandle (Pensacola) are open Monday through Saturday from 9:00 am to 5:00 pm, and Sundays from noon to 5 pm. Though prices are anticipated to increase this year, the NAR's 'Hidden Gem' designation shows Palm Bay and Pensacola as undervalued real estate areas - and therefore, a great buy. The quality of Emerald Coast beaches around Pensacola has been identified as a key draw for new residents. For information on plans, pricing, and locations in Palm Bay and Pensacola, visit HB Value Homes.