Pro Builder
FEBRUARY 8, 2022
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.
Pro Builder
JUNE 28, 2023
Cities such as Phoenix, Las Vegas, and Miami are attracting the most interest, but according to Insider , they’re also home to some of the biggest climate risks in the country, from droughts and heat waves to flooding and hurricanes.
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Pro Builder
MARCH 30, 2022
After nearly two years of relentless gains, home-price growth gradually decelerated in the fall of 2021, but constrained inventory and uninhibited demand led to sharp price increases at the start of 2022. We should not see rapid upticks in prices as mortgage rates rise. It’s that kind of exuberance that led to past housing downturns.”.
Pro Builder
MAY 17, 2022
of homes in the United States were worth $1 million or more, but thanks to record low inventory and fast-rising prices throughout the COVID-19 pandemic, that share is now up to 8.2%, says The New York Times. Petersburg, Florida were the only two U.S. Just two years ago, 4.8% A recent Point2 study revealed that Mesa, Arizona and St.
Pro Builder
JULY 26, 2021
Almost two-thirds of June listings resulted in bidding wars, and buyers continue to sweeten their offers by offering vacations and even crypto, but inventory remains low. Hale said, the late summer is a good time to buy, particularly in mid-September, with inventory often dropping around the winter holidays. Historically, Ms.
Pro Builder
MAY 31, 2022
As waning inventory and surging demand put pressure on overvalued housing markets, prices will continue to fall over the coming year, Fortune reports. Zandi says the extremely "overvalued" housing markets like Boise and Phoenix are at the highest risk of falling home prices over the coming year. Market Data + Trends. New-Home Sales.
Pro Builder
DECEMBER 21, 2021
Limited inventory is causing yet another increase in home prices at the end of 2021. The largest price increases were in Austin, Texas (+31%), Phoenix (+27%) and North Port, Florida (+27%). November Homes for Sale Reach Record Low. Tue, 12/21/2021 - 09:56. Single-Family Homes. New-Home Sales. Construction. New-Home Sales.
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