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Pros and Cons of Buying a Home During a Recession

Pro Builder

Home prices have already fallen 2.67% nationally between July and October 2022, and homebuying destinations like Morristown, TN, Muskegon, MI, and Pocatello, ID are all expected to see price drops of over 20% in the next year. There are some potential cons of purchasing a home at the current moment, too.

Income 98
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Home Prices Are Plummeting in These 49 Regional Markets

Pro Builder

Home Prices Are Plummeting in These 49 Regional Markets. Pressurized affordability from elevated home prices paired with fast-rising mortgage rates is propelling a nationwide housing correction, and these markets are among the first to see big changes. Moody's Analytics predicts home prices to fall 24.1% New-Home Sales.

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Home Price Declines Are Possible But Rare for Most Housing Markets

Pro Builder

Home Price Declines Are Possible But Rare for Most Housing Markets. As the Fed continues to put upward pressure on interest rates to cool rising inflation, a growing number of homebuyers are being priced out of their regional home searches, and nearly every major real estate firm predicts more price gains throughout the remainder of 2022.

Housing 97
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Hurricane Ian’s aftermath: Code-approved lessons and results

Construction Specifier

The widely acclaimed success of Babcock Ranch, a solar-powered community 32 km (20 mi) inland from Ft. All buildings at Babcock Ranch must be certified by the Florida Green Building Coalition’s Green Home or Commercial standards, 1 which is similar to the U.S. Myers, is a testament to how far the building and testing industry has come.

Florida 52
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Hurricane Ian’s afermath: Code-approved lessons and results

Construction Specifier

The widely acclaimed success of Babcock Ranch, a solar-powered community 32 km (20 mi) inland from Ft. All buildings at Babcock Ranch must be certified by the Florida Green Building Coalition’s Green Home or Commercial standards, 1 which is similar to the U.S. Myers, is a testament to how far the building and testing industry has come.

Florida 52
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Miami Tops the List of the Nation’s Most Competitive Rental Markets

Pro Builder

As elevated mortgage rates price a growing number of prospective buyers out of home purchases, demand in the rental market is surging, particularly in popular vacation areas seeing an influx of remote workers. Remote workers from around the country are flocking to sunny metros like Miami, where rental demand is at an all-time high.

Miami 52
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Top 20 Cities for First-Time Homebuyers

Pro Builder

These cities were judged by four main categories: home market favorability, affordability, livability, and employment. Grand Rapids, MI. Grand Rapids, Michigan ranks in the top fifth of cities for three of the four categories we considered: home market favorability, affordability and employment. per 10,000 homes.