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Which Housing Markets Are Seeing the Most Deceleration?

Pro Builder

Low inventory has been a driving factor of record-high home prices throughout the last several years, but between March 26 and May 7, nationwide inventory levels rose 10%, according to Fortune. While inventory levels are rising fast percentage wise, they're still far below pre-pandemic levels.

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These Are the Cheapest Markets in America, But Not for Long

Pro Builder

Remaining havens of housing affordability are struggling to retain their resident populations, but waves of newcomers could soon take advantage of leftover inventory and low prices. That’s led to a larger housing inventory than throughout most of the country. Soaring home prices across the U.S. Read more.

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Home Prices Rise at the Fastest Rate on Record

Pro Builder

After nearly two years of relentless gains, home-price growth gradually decelerated in the fall of 2021, but constrained inventory and uninhibited demand led to sharp price increases at the start of 2022.

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Boise, Phoenix Prep for Big Changes Ahead After Years of Record Home Sales

Pro Builder

Overpriced metros like Boise and Phoenix are seeing prices drop, sales slow, and inventory levels surge amid a major market cooldown. Between disappearing inventory, toe-to-toe competition, and a staggering 65% increase in regional home prices, Boise quickly became overheated, and its inevitable cooldown is finally underway. .

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Florida, Ohio Among the Nation's Most Overvalued Housing Markets

Pro Builder

As more Americans migrate from major cities like New York and San Francisco, states like Florida, Ohio, and Idaho are seeing higher populations as well as much higher prices. The nation’s most overvalued market remains Boise, Idaho, where buyers pay about 77 percent more than they should, based on past pricing trends.

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First-Time Homebuyers Are Facing One of the Least Affordable Markets in US History

Pro Builder

That lack of affordability is especially notable in states such as Idaho, Nevada, and Arizona, which posted PAPI readings of 255.6, He expects mortgage rates to fall back into the 5% range as tight inventory eases up, but when exactly that happens will depend on how the central bank opts to adjust policy over the coming months.

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Redfin August Report: No Slowdown for the Housing Market

Pro Builder

For the four week period ending August 30, the housing industry saw more record breaking median home price increases and home inventory shortages. One Boise, Idaho Redfin agent described the intense demand mixed with low inventory as “a complete storm of insanity,” as buyers enter the market from other states. cbroderick.

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