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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. Phoenix, Ariz., These Southern metros are where BFR homes are being built the most, with Detroit, Mich., Last year, the U.S.

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Homeownership Is Becoming the More Affordable Option in Most Housing Markets

Pro Builder

Homeownership Is Becoming the More Affordable Option in Most Housing Markets. Housing prices are high all around, but low mortgage rates, rising wages, and home-equity wealth are giving buyers an edge over renters. housing markets, according to The Washington Post. Housing Markets. Housing Markets. New-Home Sales.

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Could the Fall Season Bring a Cooler Housing Market?

Pro Builder

Could the Fall Season Bring a Cooler Housing Market? August welcomed slower housing price growth and increase in inventory, prepping the cooler fall season for a cooler housing market. Available housing inventory continued its upward trajectory for the fourth straight month, rising 4.1% cbroderick.

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Housing Prices Are Soaring in Affordable Cities

Pro Builder

Housing Prices Are Soaring in Affordable Cities. New York City and San Francisco are left in the dust as more young people scoop up townhomes and condos in more affordable cities, such as Pittsburgh, Detroit, and Phoenix, according to Bloomberg. Housing Markets. cbroderick. Thu, 02/11/2021 - 09:12. Read More. .

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Home Value Appreciation Outpaced Median Salaries Across 25 Metros in 2021

Pro Builder

Housing prices are showing no signs of decelerating as rising mortgage rates and tight supply sustain heated competition and keep affordability out of reach. Detroit and St. The growth was even bigger in Sun Belt cities like Miami and Phoenix, where rents surged 25%, according to Zillow. Housing Markets. Affordability.

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Pandemic Slows Single-Family Rent Growth to Decade Low

Pro Builder

making up 35% of all rental housing. Phoenix is still seeing strong rent growth at 6% year-over-year. Detroit, which was hit hard by the coronavirus, saw a nearly 20% drop in employment, that made local rent price growth there stagnant in May, according to CoreLogic. There are 12 million single-family rental homes in the U.S.,

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Home Value Growth Slows, Potential Decline to Come

Pro Builder

With the continued and unprecedented effects COVID-19 has on the housing market, home values have still continued to grow on-pace relative to last year. Home Value Growth Slows, Potential Decline to Come. cbroderick. Thu, 06/18/2020 - 10:27. Even better, the pace is slightly faster than prior months, according to Zillow’s May market report.