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Homebuyers Are on the Move as Housing Affordability Diminishes—Here’s Where They’re Going

Pro Builder

Sacramento was the most popular destination for relocating Redfin.com users, followed by Miami, Las Vegas, San Diego and Tampa, which all saw the largest net inflow in Q3 2022. The majority of buyers moving into cities like Sacramento are fleeing pricier metros like San Francisco, where median sale prices are up to a staggering $1.5

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These Risky Real Estate Markets Could See a Downturn in the Coming Months

Pro Builder

Eight counties in the Chicago metro area and six in New York made ATTOM’s recent list of the 50 most at-risk real estate markets in the nation, Realtor.com reports. The most vulnerable counties in the Chicago metro area were Cook, DeKalb, Kane, Kendall, Lake, McHenry, and Will counties in Illinois and Lake County in Indiana.

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Renters are the majority in 42 U.S. cities

BD+C

22 cities total made the shift, including key markets like Chicago, San Diego, Detroit, Austin, and Sacramento. In total, rentership growth outpaced homeownership in 97 of the 100 largest (by population) cities. The addition of these 22 cities now puts the total number of renter-dominated cities at 42, according to RENTCafé.

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As Inflation Slows, Demand Rebounds Ahead of 2023

Pro Builder

in Sacramento. They declined 1% or less in Anaheim, CA, Chicago, Philadelphia, Seattle, Riverside, CA, Phoenix and Las Vegas. . Prices fell 7.3% year over year in San Francisco, 5.8% in San Jose, CA, 3.3% in Los Angeles, 3% in Austin, 2.6% in Pittsburgh, 2% in Oakland, 1.9% in Detroit and 1.8% Affordability. New-Home Sales.

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As Mortgage Rates Fall, Homebuyer Demand Rebounds

Pro Builder

in Sacramento and 1.3% They declined less than 1% in Chicago, San Diego, Los Angeles and Philadelphia. . Among the 50 most populous U.S. metros, home-sale prices fell from a year earlier in 10 of them. Prices fell 8.2% year over year in San Francisco, 2.8% in San Jose, CA, 2.7% in Pittsburgh, 2.3% in Detroit, 1.7% Affordability.

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U.S. Office Sector Fundamentals Heating Up

Business Facilities

The top 10 strongest markets in terms of demand for office space were New York, San Jose, Sacramento, Chicago, Boston, Denver, Los Angeles, Raleigh, San Diego, and Baltimore. Business Facilities (BF) Magazine. Office Sector Fundamentals Heating Up appeared first on Business Facilities (BF) Magazine.

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Top Railway Projects in the US

Autodesk Construction Cloud

California’s high-speed rail project will eventually extend to San Diego and Sacramento and would total 800 miles and 24 stations. . Chicago, Illinois: CTA’s Red/Purple Line Modernization . Sections of the Red and Purple lines in Chicago consist of 9.6 New York East Side Access. miles of tracks that were built back in 1924.

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