Pro Builder

MARCH 19, 2021

Rents Decrease in Pricey Metros, But Affordable Metros See Rent Hikes. Rents are dropping in the priciest neighborhoods of notoriously expensive metros while more affordable areas are bumping up monthly rental rates, Zillow finds. The trend is similar in other large, pricey metros. cbroderick. Fri, 03/19/2021 - 09:30.

Metro 52

Metro San Francisco New York Income 52

Pro Builder

DECEMBER 8, 2022

10 Most Affordable Metros for First-Time Buyers in 2023. With rising shares of home price reductions, high relative housing supply, and mortgage and rent affordability, these metros offer a starting point for budget-conscious first-time homebuyers. Housing Markets. Housing Markets. Thu, 12/08/2022 - 10:18.

Metro 52

Metro Wichita Inventory Bargains 52

Pro Builder

AUGUST 11, 2022

Out-of-Towners Pushed the Average Boise Buyer Income 24% Higher During the Pandemic. The typical income of a Boise homebuyer rose 24% throughout the pandemic as locals went toe-to-toe with wealthy out-of-state newcomers for available listings. Housing Markets. Housing Markets. Thu, 08/11/2022 - 09:15. Affordability.

Income 52

Income San Francisco Idaho Miami 52

Pro Builder

FEBRUARY 2, 2023

Could These Midwestern Metros Be the Next Top Real Estate Markets? are home to robust economies, strong regional housing demand, well-paying jobs, and desirable amenities for incoming buyers. Affordable housing is another draw. And homes are spending 20 days longer on the market in the metro. and Topeka, Kan.,

Metro 52

Metro New York City Indianapolis New York 52

Pro Builder

MAY 20, 2021

10 of the Hardest Metros to Snag a Home. market while housing inventory is down, resulting in a competitive market, but these metros are the most competitive. The site reviewed the payment-to-income ratios, number of homes on the market compared to households, and the average price cut for homes sold recently. cbroderick.

Metro 52

Metro San Diego Los Angeles Long Beach 52

Pro Builder

DECEMBER 15, 2022

The Top 10 Most Affordable Metros for First-Time Buyers in 2023. With comparatively high inventory and affordable home prices, these metros are prime homebuying locations for first-time house hunters in 2023. Housing Markets. Housing Markets. Thu, 12/15/2022 - 10:15. For the full list …. New-Home Sales.

Metro 52

Metro Wichita Inventory Bargains 52

Pro Builder

JULY 29, 2022

Americans Are Most Severely Cost-Burdened in These Overpriced Housing Markets. Locals can no longer afford inflated housing costs in markets like Glendale, California, but some smaller metros could still offer relief for buyers priced out elsewhere. Glendale, California ranked as the most cost-burdened metro in the U.S.

Housing 52

Housing Income Kansas Metro 52

Pro Builder

APRIL 27, 2023

The Biggest Deciding Factors in Today’s Housing Market ldeakins Thu, 04/27/2023 - 10:53 Home prices and rental costs are at all-time highs, so how are Americans determining which housing option is more affordable? Across the 50 largest metro areas in the U.S., Rent or Buy.

Housing 52

Housing Equity Metro Income 52

Pro Builder

APRIL 29, 2022

Small Metros Top the List of the Most Livable Cities in America. With strong local economies, favorable community amenities, and relative housing affordability, midwestern metros are attracting the largest share of migrating buyers. Housing Markets. Housing Markets. Fri, 04/29/2022 - 10:34. Market Data + Trends.

Metro 52

Metro America Income Miami 52

Pro Builder

FEBRUARY 17, 2021

No Metro Immune From Single-Family Price Gains, Says NAR. And as home prices continue to increase, so do mortgage payments and qualifying incomes. And as home prices continue to increase, so do mortgage payments and qualifying incomes. Housing Markets. cbroderick. Wed, 02/17/2021 - 08:44. Read More. .

Metro 52

Metro Income US Housing 52

Pro Builder

APRIL 19, 2023

Middle-income homeowners have seen their properties appreciate by 68% since 2012, amounting to $122,100 in equity wealth, according to the National Association of Realtors. Similarly, low-income homeowners reported $98,900 in equity gains, and upper-income households accrued $150,800 in equity.

San Jose 94

San Jose Equity Income Metro 94

Pro Builder

APRIL 18, 2023

metros in 2021, 19 million households met the criteria for Housing Choice Voucher eligibility, but only 2 million vouchers were available, Zillow reports. This deviation between rent and income growth has caused more renter households to become rent burdened, exacerbating the need for housing assistance for many households.

Housing 52

Housing Income Metro Finance 52

Pro Builder

DECEMBER 6, 2021

Third Quarter Metro Affordability Report Reveals a Tight Market for First-Time Buyers. times the median first-time home buyer income, and many inaugural buyers were also priced out of the housing market by older competitors backed by existing equity. . Housing Markets. Housing Markets. Mon, 12/06/2021 - 16:25.

Metro 52

Metro Inventory Income Equity 52

Pro Builder

APRIL 26, 2022

Small Metros Top the List of Up-And-Coming Spring Markets. With strong local economies, low unemployment rates, and favorable community amenities, the top housing markets of the 2022 spring buying season are predominantly located in smaller cities growing in popularity among migrating buyers, Realtor.com reports. Housing Markets.

Metro 52

Metro South Dakota Florida Housing 52

Pro Builder

JUNE 22, 2022

Housing Affordability Dips to 15-Year Low as Mortgage Rates Soar. Housing affordability took another hard hit last week following the Fed's most recent rate hikes. metros following the Fed’s most recent rate hike last week, causing a steep drop in buyer demand across the country, Zillow reports. Wed, 06/22/2022 - 12:18.

Housing 52

Housing Income Metro Atlanta 52

Pro Builder

OCTOBER 11, 2022

Is Your Local Housing Market Headed Toward a Home Price Correction? These overpriced regional housing markets are the most likely to see home prices fall in the months ahead. metros in the months ahead, Fortune reports. . Not only are those high-end housing markets more rate sensitive, but so are their tech sectors.

San Jose 52

San Jose Housing Seattle Metro 52

Pro Builder

AUGUST 12, 2020

How Much Income Is Needed to Live In the Largest U.S. This 3% drop from this time last year pushed SmartAsset to analyze the average cost for a two-bedroom apartment in the top 25 metros. This 3% drop from this time last year pushed SmartAsset to analyze the average cost for a two-bedroom apartment in the top 25 metros.

Income 52

Income San Francisco Metro Housing 52

Pro Builder

JUNE 12, 2023

Additionally, existing rent regulations in costly metros like New York City often don’t include income tests, meaning that those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent stabilized units.

New York City 98

New York City Regulation Income New York 98

Pro Builder

JUNE 12, 2023

Additionally, existing rent regulations in costly metros such as New York City often don’t include income tests, so those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent-stabilized units.

New York City 98

New York City Regulation Income New York 98

Pro Builder

OCTOBER 24, 2022

Americans Can Still Find Affordable Starter Homes in These Four Metros. as housing costs soar to new highs and first-time buyers compete for a limited supply of entry-level properties, but four major cities still offer reasonable starting points for new buyers. Housing Markets. Housing Markets. Mon, 10/24/2022 - 10:05.

Metro 40

Metro Oklahoma City Oklahoma Tulsa 40

Pro Builder

FEBRUARY 14, 2022

Denver Releases Controversial Housing Proposal to Combat a Growing Affordability Crisis. The Denver metro could see increased low-income development as a result of a new affordable housing mandate, but many builders aren’t so eager to get on board. Housing Markets. Mon, 02/14/2022 - 10:31. That’s a record high.

Denver 52

Denver Housing Metro Income 52

Pro Builder

JANUARY 3, 2023

Metros Where Home Prices Rose—and Fell—the Fastest in 2022 ldeakins Tue, 01/03/2023 - 10:33 A 2022 housing correction didn't impact all regional markets equally. Omaha, NE saw the biggest year-over-year price gain of any metro area tracked by Realtor.com in 2022 with a 21.6% Here Are the U.S. The prices were out of alignment.”

Metro 52

Metro Omaha Income Housing 52

Pro Builder

OCTOBER 17, 2022

As Housing Affordability Diminishes, Renters Are Fighting Back. Renters are lobbying for tenant-friendly laws as soaring rental costs and record inflation chip away at housing affordability across the U.S. Mon, 10/17/2022 - 10:20. KC Tenants is one result.

Housing 52

Housing Kansas City Metro Missouri 52

Pro Builder

FEBRUARY 9, 2021

Housing Affordability Faces Looming Challenges. Low mortgage rates buoyed housing affordability as home prices hit record highs during the fourth quarter of 2020. Housing prices reached $320,000 during the fourth quarter of 2020 as mortgage rates fell to 2.85%. as the nation’s least affordable major housing market.

San Francisco 52

San Francisco Housing Los Angeles Long Beach 52

Pro Builder

DECEMBER 16, 2021

Southern Housing Markets See Strong Growth and Greater Affordability. Hastened by remote work flexibility and a record-breaking housing market leaving few available options elsewhere, migrating Americans are finding hidden gems among southern markets with strongly anticipated home price appreciation. . Housing Markets.

Housing 52

Housing Metro Income Dallas 52

Pro Builder

MAY 7, 2021

Housing Affordability Dips in First Quarter. Housing affordability slipped slightly from the fourth quarter of 2020 to the first quarter of 2021 due to building material costs, supply shortages, and mortgage rate increases, says the National Association of Home Builders (NAHB). income of $79,900. income of $79,900.

Housing 52

Housing Los Angeles Long Beach Income 52

Pro Builder

DECEMBER 28, 2021

These small metros are attracting droves of new arrivals, and it’s not difficult to understand why. The rankings compared population growth and household income to the region’s total number of businesses and housing units over a five year period. . Housing Markets. Housing Markets. Tue, 12/28/2021 - 14:15.

Idaho 97

Idaho Income Metro Nashville 97

Pro Builder

JANUARY 14, 2021

Top Metros With the Best Work-Life Balance. Knowing a metro topped the list for best work-life balance can be a selling point for buyers. Columbus finishes a bit lower (20th) in that metric, but it does particularly well in terms of low housing costs as a percentage of income, ranking sixth. Housing Markets.

Metro 52

Metro Columbus Omaha San Francisco 52

Pro Builder

DECEMBER 22, 2022

Qualifying for a mortgage in today's high-cost housing market requires more income than in years past, but some U.S. metros are more affordable than others. need to have a qualifying annual income of $359,127 to afford monthly payments of $8,380 for a median home price of $1,688,000. Housing Markets. Affordability.

San Jose 52

San Jose Income Oklahoma City Cleveland 52

Pro Builder

DECEMBER 1, 2022

With rising populations, booming local economies, and strong housing growth, these markets are thriving even in a housing slowdown. A market correction is leading to significant price drops in overheated metros across the U.S., but even in a housing slowdown, some markets are still seeing substantial growth.

Metro 52

Metro Income Idaho Tennessee 52

Pro Builder

NOVEMBER 12, 2021

Low Housing Affordability Remains Steady for Third Quarter of 2021. In the third quarter of 2021, housing affordability remained at its lowest level in nearly a decade as lower mortgage rates were offset by higher home prices to keep rates steady, Eye on Housing reports. . median income of $79,900. Housing Markets.

Housing 52

Housing Income Iowa NAHB 52

Pro Builder

FEBRUARY 5, 2021

Salary Needed to Afford a Home in the Top 15 Metros. Housing costs are the biggest expense Americans have, with about one-third of the average American salary going toward these. SmartAsset identified the salaries needed in the 15 largest metros to afford an average home payment and not exceed the recommended 36% debt-to-income ratio.

San Jose 52

San Jose Metro San Antonio Los Angeles 52

Pro Builder

FEBRUARY 9, 2022

Housing Affordability Drops to Lowest Level in a Decade as Construction Costs Mount. Rising interest rates and seemingly endless supply chain disruptions are driving up home costs, leading to the lowest affordability level on record, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI).

Housing 52

Housing Income NAHB Construction 52

Pro Builder

DECEMBER 29, 2022

homebuyers were looking to move to a different metro area, up from 18% in 2019, Forbes reports. Las Vegas is another hotspot for out-of-state buyers, and Florida’s relatively inexpensive real estate makes it a desirable location for incoming house hunters as well. During the three months ending in November, 24.1%

Las Vegas 92

Las Vegas Sacramento Tampa Miami 92

Pro Builder

JUNE 8, 2022

Market hurdles like historically low housing supply, surging mortgage rates, and stagnant income growth are keeping first-time buyers sidelined at the start of 2022. A lack of market affordability is especially detrimental for first-time buyers unable to afford the average list price in the nation’s most popular metro areas.

San Jose 52

San Jose Los Angeles San Diego Metro 52

Pro Builder

JULY 7, 2022

Since the start of the pandemic, an estimated 5 million Americans have relocated thanks to the flexibility of remote work, but rather than flocking to major cities, many have settled in mid-sized metros offering affordability and greater livability. Cary, North Carolina is the only southern metro on the top 10 list with a low crime rate, a 4.7%

North Carolina 52

North Carolina Income Metro Minnesota 52

Pro Builder

FEBRUARY 15, 2022

Relocating Americans are going toe-to-toe with local buyers in popular metros like Nashville and Philadelphia, and with inflated budgets, newcomers are sweeping the competition and laying down their roots for good. gap between local and migrational budgets, followed by New York City, where incoming buyers had 26.5% Housing Markets.

Budgeting 105

Budgeting Budget Nashville Los Angeles 105