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These Oversupplied Metros Could See Major Price Drops by Late 2024

Pro Builder

Formerly red-hot housing markets such as Seattle, Phoenix, San Francisco, and Austin, Texas, have seen substantial increases in inventory, and as a result, each metro is expected to see a double-digit price correction by late 2024. Read more Housing Markets Market Data + Trends Housing Markets

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Boise, Phoenix Prep for Big Changes Ahead After Years of Record Home Sales

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Boise, Phoenix Prep for Big Changes Ahead After Years of Record Home Sales. The nation's hottest housing markets aren't so hot anymore. Overpriced metros like Boise and Phoenix are seeing prices drop, sales slow, and inventory levels surge amid a major market cooldown. Housing Markets. Mon, 07/18/2022 - 10:17.

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A Housing Correction Is Losing Steam—Here’s Where Experts Say Home Prices Could Go From Here

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But as the housing market moves into a typically busy spring season, that correction is losing steam. Second, inventory in March was 49.5% Third, housing affordability has improved a bit over the past few months as mortgage rates came back under 7% and many markets saw home prices come down a bit. below levels hit in March 2019.

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A Housing Correction Is Losing Steam—Here’s Where Experts Say Home Prices Could Go From Here

Pro Builder

and 16.3%, respectively, from their peak, but as the housing market moves into a typically busy spring season, that correction is losing steam. and 16.3%, respectively, from their peak, but as the housing market moves into a typically busy spring season, that correction is losing steam. Second, inventory in March was 49.5%

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These Pandemic Boomtowns Are Cooling Down in 2023

Pro Builder

Along with house hunters in other parts of the U.S., buyers in pandemic boomtowns are navigating low inventory, elevated home prices, and inflated borrowing costs, but tech layoffs and falling stocks are adding an additional obstacle. Now housing markets in those boomtowns are doing an about-face as rates rise.

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Single-Family Home Prices Up 14.6% in April Nationwide

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CNBC reports that the cities with the highest year-over-year price increases were Phoenix, San Diego, and Seattle, all of which posted more than 20% price advances. Five cities – Charlotte, North Carolina, Cleveland, Dallas, Denver and Seattle – saw their largest annual gains ever. “We Housing Markets. from 12.9%

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May Home Price Increase Breaks S&P Case-Shiller Record

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Every metro tracked in the 20-city composite recorded price increases while Phoenix, San Diego, and Seattle posted the highest annual gains of the 20 cities. Phoenix home prices were 25.9% higher, San Diego prices jumped 24.7%, and Seattle posted a 23.4% The S&P Case-Shiller 10-city composite increased 16.4%