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Home Prices Shatter Another Record

Pro Builder

Phoenix, San Diego, and Seattle reported the strongest price increases of the 20 cities. In San Diego they rose 27.1%, and in Seattle they were up 25.0%. The 10-City composite index rose 18.5%, up from the previous month’s 16.6% while the 20-City composite increased 19.1%, up from 17.1%. Prices in Phoenix increased 29.3%

San Diego 104
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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. During the 10 years between 2006 and 2016, almost a quarter of the 100 largest cities in the United States shifted from owner- to renter-majority.

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May Home Price Increase Breaks S&P Case-Shiller Record

Pro Builder

Every metro tracked in the 20-city composite recorded price increases while Phoenix, San Diego, and Seattle posted the highest annual gains of the 20 cities. higher, San Diego prices jumped 24.7%, and Seattle posted a 23.4% Phoenix home prices were 25.9% year-over-year increase.

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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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As Mortgage Rates Fall, Homebuyer Demand Rebounds

Pro Builder

year over year in San Francisco, 2.8% in San Jose, CA, 2.7% They declined less than 1% in Chicago, San Diego, Los Angeles and Philadelphia. . Prices fell 8.2% in Pittsburgh, 2.3% in Detroit, 1.7% in Sacramento and 1.3% Affordability. New-Home Sales. Financing.

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Millennials Flock to West and South Regions

Pro Builder

Millennials are no longer flocking to bustling cities such as New York, Los Angeles, and Chicago. The second-largest outflow came from Chicago, with a net decrease of more than 11,000 millennials. Other big cities with net migration losses, placing at the bottom of our study, include Los Angeles, San Diego, Boston and Miami.

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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.