Zillow predicts Philadelphia will be among coldest markets 2021!!

[Garrett M.]

Just came across an article from Zillow with their picks for the hottest and coldest markets of 2021. Austin was their pick for the hottest market.

But why would Philadelphia be among the top five coldest markets? It was ranked fourth coldest after, get this, New York, San Francisco, and LA. I think they wrote “Portland” and something went haywire with autocorrect! Their argument was that people are fleeing overpriced coastal cities. I get New York and San Fran.... but Philadelphia?? There was no data to support their prediction, but they must be going off of some evidence, right?!

Does anyone have any insight as to why /how they would come up with this prediction? I’m not seeing it in Philly. There’s no inventory and everything is selling for 20% more than it was three months ago. Are people leaving in droves? Would love to hear your thoughts!