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The Best and Worst U.S. Cities for Buyers and Renters

Pro Builder

On the contrary, price-to-rent ratios are low in midwestern cities like Detroit, Cleveland, Milwaukee, Chicago and Indianapolis. San Jose, California has the highest price-to-rent ratio of the 50 large cities that we examined. times more than a year’s worth of rent.

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Rental Market Recovers Faster Than Predicted

Pro Builder

Chicago, Minneapolis, Seattle, Boston, New York, San Francisco and San Jose. Even so, rents in New York, San Francisco, and San Jose were all up year-over-year, posting slight gains after more than a year of consecutive declines. Read More. . Multifamily. Market Data + Trends. Multifamily.

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As Inflation Slows, Demand Rebounds Ahead of 2023

Pro Builder

year over year in San Francisco, 5.8% in San Jose, CA, 3.3% They declined 1% or less in Anaheim, CA, Chicago, Philadelphia, Seattle, Riverside, CA, Phoenix and Las Vegas. . Home-sale prices fell year over year in 15 of the 50 most populous U.S. Prices fell 7.3% in Los Angeles, 3% in Austin, 2.6% in Detroit and 1.8%

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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. . Among the 50 most populous U.S. metros, home-sale prices fell from a year earlier in 10 of them. Prices fell 8.2% 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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Cities Attracting the Most Young Homebuyers

Pro Builder

67), and all 10 had decreasing homeownership rates from 2009 to 2019, with six out of 10 — Phoenix, San Jose, Philadelphia, Dallas, Houston, Chicago — ranking in the bottom half of the study for change in homeownership rate from 2009 to 2019. Read More. . Demographics. Housing Markets. Demographics.

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Increases in Apartment Occupancy Hits 10-Year High

Pro Builder

It is worth pointing out that the decline in apartment occupancy was concentrated in the New York City area and in the West Coast markets: San Francisco (-6,958 apartment units); New York City (-4,371 units); South Bay/San Jose (-2,791 units); East Bay/Oakland (-445 units); Chicago (-337 units); Pittsburgh (-71 units),and Yakima (-30 units).