HousingWire's Brena Swanson looks at the latest "hottest housing markets" ranking from Pro Teck Valuation Services' Home Value Forecast, which tabbed 29 areas as the cream of the nation's crop.

The research looks at a variety of factors, including sales and listing activity, prices, months of inventory, days on market, sold-to-list ratio. And according to Pro Teck, all 29 areas have one thing in common: they all have less than four months of inventory.

"While new housing units are on the upswing, the numbers are still at historical lows," said Tom O'Grady, CEO of Pro Teck Valuation Services. "That, combined with approximately 2.5 million single-family homes becoming rental units since the crash has left the U.S. with a limited housing supply."

The Anaheim-Santa Ana-Irvine area of Southern California topped the ranks, followed by Bellingham, Wash., Boise City, Idaho, and the Charlotte, N.C. area. Check out the whole list over at HousingWire: 

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