article thumbnail

Why Charlotte Could Be the Hottest Housing Market of 2023

Pro Builder

Why Charlotte Could Be the Hottest Housing Market of 2023. With strong home value appreciation and a healthy inventory of for-sale housing, Charlotte, N.C., Housing Markets. Housing Markets. Thu, 01/12/2023 - 11:25. is on a fast track for growth in the year ahead. New-Home Sales.

article thumbnail

These Popular Markets Are Expected to See the Biggest Inventory Gains in 2023

Pro Builder

Inventory is expected to increase 17% nationwide in 2023, but the number of homes available for sale is expected to decline in half of the largest 100 markets, Forbes reports. Read more Housing Markets New-Home Sales Housing Markets Louis and New Orleans.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Home Prices Are Starting to Drop Across the U.S.—Here Are the Markets Seeing the Biggest Declines

Pro Builder

A housing correction is underway, and the nation's hottest markets will be the first to see major price reductions over the coming months. Inventory is climbing, too. The biggest jumps in listings were in markets like Raleigh and Charlotte in North Carolina and Nashville on a month-over-month basis. Housing Markets.

article thumbnail

Sun Belt Metros Lead the U.S. in Home Building

Pro Builder

Sun Belt metros are leading a resurgence in homebuilding as prices soar and inventory declines amid elevated demand from migrating buyers. Other sunny metros like Raleigh, Jacksonville, Nashville, and Charlotte followed closely behind, and other Texas hotspots like Houston and Dallas are also included in the top ten.

Metro 97
article thumbnail

The Condo Market Lagged in 2020—Can It Bounce Back?

Pro Builder

Compared to single-family homes, both sales and price growth for condos were lower and inventory levels were generally higher. Condo inventory spiked starting in the summertime, possibly pointing toward condo owners trading up. New Orleans and Charlotte were the only exceptions. Read More. . Multifamily. Market Data + Trends.

article thumbnail

Single Family Build-For-Rent Homes Reach All-Time High

Pro Builder

Today, there are 44,700 rental homes in the pipeline—triple the amount of houses completed in 2022. In the highest yearly total to date, 2022 saw a completion of over 14,500 BFR houses. These budding cities include Charlotte, N.C., Last year, the U.S. saw a record-breaking year for BFR homes. Atlanta, Ga., Jacksonville, Fla.,

Phoenix 102
article thumbnail

Single-Family Home Prices Up 14.6% in April Nationwide

Pro Builder

Five cities – Charlotte, North Carolina, Cleveland, Dallas, Denver and Seattle – saw their largest annual gains ever. “We housing market is being driven in part by reaction to the COVID pandemic, as potential buyers move from urban apartments to suburban homes. Housing Markets. Read More. . Market Data + Trends.