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What Kinds of Deals Can Homebuyers Expect on Black Friday?

Pro Builder

Pittsburgh and Cleveland were close behind with a typical price cut of 4.2% Shoppers in Phoenix are going to see smaller reductions, where the typical price cut was 2.3% – but now that prices have risen roughly 43% from 2019, that 2.3% Home shoppers in Buffalo can snag the biggest bargains, where the typical price cut was 4.6%

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As the Market Cools, These Homebuying Hotspots Are Susceptible to a Downturn

Pro Builder

Homes in Boise, Phoenix, and Tampa were selling at a lightning pace throughout the pandemic, but a recession could soon pull the plug on sales in the nation's most popular markets. Northern metros like Cleveland and Buffalo, NY are still seeing relatively affordable prices in their local markets, making them the most resilient in a recession.

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Affordable Homes are Increasing in Value Fastest Nationwide

Pro Builder

Boise, Phoenix, and Spokane experienced the fastest annual growth for affordable homes. Among a wider pool of the nation’s 100 largest markets, bottom-third home values grew the fastest year-over-year in February in Boise (27.2%), Phoenix (19.4%) & Spokane (18.4%). For example, the bottom third of the market in Cleveland grew by 13.1%

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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. Phoenix home prices were 25.9% Chicago, Cleveland and Minneapolis reported the lowest gains, although they were still in low double-digits. “We year-over-year increase.

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San Francisco Leads the Charge in U.S. Home Price Corrections

Pro Builder

Between June and August, markets like Cleveland (down 0.01%), New York (down 0.44%) and Boston (down 1.13%) barely fell. At least compared to markets like San Francisco, Seattle, and Phoenix. In the Northeast and Midwest, things are milder. The reason? For starters those markets have less strained affordability. Housing Markets.

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Single-Family Home Prices Up 14.6% in April Nationwide

Pro Builder

CNBC reports that the cities with the highest year-over-year price increases were Phoenix, San Diego, and Seattle, all of which posted more than 20% price advances. Five cities – Charlotte, North Carolina, Cleveland, Dallas, Denver and Seattle – saw their largest annual gains ever. “We That’s up from March’s 13.3% from 12.9%

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Rental Market Recovers Faster Than Predicted

Pro Builder

Rents in nine of the nation’s 50 largest metros — Tampa, Riverside, Las Vegas, Jacksonville, Memphis, Phoenix, Virginia Beach, Atlanta and Miami — are more than 10% higher than their projected rent levels for July based on pre-pandemic trends, topping out at 15.6% higher in Tampa. For-sale inventory, while still down 27.6%