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Metro Denver and Colorado Springs Inch Into the 10 Least Affordable U.S. Housing Markets

Pro Builder

Housing Markets. Rising home prices and a lack of inventory have pushed the Denver and Colorado Springs metros into the top 10 most unaffordable housing markets in the U.S., times the median household income. . Colorado as a state had the fifth most competitive housing market in the country in February, with 58.4%

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Is a U.S. Housing Bubble About to Pop?

Pro Builder

Housing Bubble About to Pop? may be in a housing bubble, and some believe that bubble is about to burst. After peaking to new highs this summer, home prices are beginning to fall as elevated mortgage rates whittle away at housing affordability and put a dent in homebuyer demand. Tue, 10/18/2022 - 10:16. Market Data + Trends.

Housing 52
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The Top 10 Most Affordable Metros for First-Time Buyers in 2023

Pro Builder

With comparatively high inventory and affordable home prices, these metros are prime homebuying locations for first-time house hunters in 2023. Markets like Wichita, KS offer an inventory to buyer ratio of 22 to 1 with price reductions in 22% of all listings, Zillow reports. Housing Markets. Housing Markets.

Metro 52
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Real Estate Blogger Who Predicted 2007 Crash Shares Predictions for Today’s Market

Pro Builder

The housing market may be leveling out as recent housing metrics slow. It's been reported all year that housing statistics are breaking records, then breaking those records, half of listings are scooped up in the first week, and buyers continue to bid on homes sight unseen. Mon, 06/07/2021 - 09:47. Read More. .

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Is the American Dream Becoming Less Achievable?

Pro Builder

As home prices continue on an upward track, housing inventory only stretches thinner, and as the economy remains weak, this may not be the ideal time for first-time buyers. The median household income was just $63,179 in 2018, according to the latest U.S. House prices have appreciated faster than wages for a long time.

Income 72
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Is the American Dream of Home Ownership Achievable Anymore?

Pro Builder

As home prices continue on an upward track, housing inventory only stretches thinner, and as the economy remains weak, this may not be the ideal time for potential first-time buyers. The median household income was just $63,179 in 2018, according to the latest U.S. House prices have appreciated faster than wages for a long time.

Income 52
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Builders in Tough Spot as Construction Costs Increase Amid Insatiable Demand

Pro Builder

The cost of construction continues to increase due to material and labor shortages, yet buyer demand remains so robust that builders risk losing business because they cannot supply inventory, says The New York Times. Every housing boom redefines where the city ends. This is a permanent game changer in the housing market.”.