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Is a U.S. Housing Bubble About to Pop?

Pro Builder

Housing Bubble About to Pop? may be in a housing bubble, and some believe that bubble is about to burst. After peaking to new highs this summer, home prices are beginning to fall as elevated mortgage rates whittle away at housing affordability and put a dent in homebuyer demand. Tue, 10/18/2022 - 10:16. Market Data + Trends.

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Housing Affordability in California Fell to a 15-Year Low in August, but a Market Correction Could Help

Pro Builder

Housing Affordability in California Fell to a 15-Year Low in August, but a Market Correction Could Help. Buying a home in California is anything but affordable after a two-year run-up in regional housing costs, but as the market cools, the Golden State is seeing a complete reversal in home price growth. Housing Markets.

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How Low Will Home Prices Go?

Pro Builder

A new Goldman Sachs housing forecast points toward stalled price growth in 2023, but some metros are already seeing substantial declines. First, prices appear significantly too high using real prices, and price-to-income and price-to-rent ratios. Housing Markets. How Low Will Home Prices Go? Tue, 09/06/2022 - 09:55.

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10 of the Hardest Metros to Snag a Home

Pro Builder

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. San Diego-Chula Vista-Carlsbad, CA. Housing Markets.

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Here Are the Cities Where American Renters Can Actually Afford to Buy

Pro Builder

markets—assuming one-third of their pre-tax income is used for a mortgage with a 5% down payment. renter can currently afford just 1% of available homes in Los Angeles, 2% in San Diego, 2% in San Francisco, and 4% in Salt Lake City, HousingWire reports. “Pre-pandemic, In contrast, the average U.S.

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First-Time Buyer Affordability Fell Sharply in Q1 2022

Pro Builder

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. Inflation significantly outpaced income growth at the start of 2022, with homes in the most populous metro areas costing six times the typical first-time buyer income.

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Nearly a Quarter of All Homebuyers Are Looking To Relocate—Here's Where They're Headed

Pro Builder

Home sales are slowing nationwide as mortgage rates continue to rise, but those still active in the for-sale market are headed to popular Sun Belt cities for warmer weather and greater housing affordability. It’s followed by Miami, Tampa and San Diego. Housing Markets. Housing Markets. Affordability.