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Migrating Americans Are Driving Up Home Prices in Popular Metros

Pro Builder

Remote workers and movers motivated by the pandemic are flocking to Sun Belt cities like Phoenix, where prices are peaking and inventory is declining. Sun Belt cities like Phoenix, Dallas, and Orlando attracted the majority of relocating Americans in 2021, and as a result, prices for homes and consumer goods are reaching new highs.

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The Buying Boom Is Slowing, and Experts Say a Housing Correction Could Follow

Pro Builder

The Buying Boom Is Slowing, and Experts Say a Housing Correction Could Follow. As mortgage rates keep climbing, we may be moving from a housing boom to a housing correction, says top economist Mark Zandi . housing markets. Tue, 05/31/2022 - 10:10. That's the finding from Moody's proprietary analysis of U.S. Affordability.

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In Pursuit of Affordability, Homebuyers Are Heading to Cities With the Biggest Climate Risks

Pro Builder

house hunters are looking to relocate to a different metro area as affordability constraints push homeownership further out of reach. Read more Housing Markets Environmental Affordability Housing Markets

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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. On the contrary, Riverside, CA is the most likely to see its housing market cool further if the U.S. Housing Markets. Housing Markets.

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East Coast Homebuyers Are Relocating for Affordability—Here’s Where They’re Headed

Pro Builder

of Redfin.com users planned a move to a different metro area in January, as elevated housing costs drove up homebuying demand in relatively affordable markets. Half of the 10 most popular migration hotspots were located in Florida, with Miami claiming the top spot, followed by Sacramento, Calif.,

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Housing Market Outlook: Should Buyers Wait it Out?

Pro Builder

Housing Market Outlook: Should Buyers Wait it Out? Should homebuyers consider waiting out the hectic housing market? Buyers who want to avoid bidding wars in these areas should consider putting their home search on pause until the local housing supply grows. Housing Markets. Housing Markets. cbroderick.

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Record Share of Homebuyers Relocate for Affordability

Pro Builder

of Redfin users searched for homes outside of their metro areas in the second quarter of 2022 as surging housing costs make cities like San Francisco or San Jose unaffordable and destinations like Tampa and San Antonio more attractive. Housing Markets. Housing Markets. A record high 32.6% New-Home Sales.