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Despite a Cooler Market at the Start of 2023, Rents Are Still Rising in These U.S. Metros

Pro Builder

On a year-over-year basis, rents are down 1.0% in Las Vegas, and barely up at all in Phoenix (1.1%), Sacramento (2.1%), Baltimore (2.6%), and New Orleans (2.8%). Read more Housing Markets Build to Rent Affordability Housing Markets Read more Housing Markets Build to Rent Affordability Housing Markets

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A Record Share of Homebuyers Relocated to These Metros in Q4 2022

Pro Builder

While an unfavorable buying landscape is causing some house hunters to migrate to more affordable parts of the country, it’s also forcing some to postpone their purchasing plans altogether. Markets such as Sacramento, Calif., Markets such as Sacramento, Calif., Read more Housing Markets New-Home Sales 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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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.

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Californians Are Fleeing the Golden State—What’s Keeping its Housing Market Strong?

Pro Builder

Californians Are Fleeing the Golden State—What’s Keeping its Housing Market Strong? Despite residents escaping California’s high housing costs and fleeing to nearby states, its southern market remains resilient, with homes selling within record time. cbroderick. Mon, 02/22/2021 - 09:07. It remains a place people want to live.

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A Record Share of U.S. Homebuyers Are Relocating for Affordability

Pro Builder

The Sun Belt region is attracting the largest share of newcomers fleeing pricey metros for warm weather and low housing costs, but as regional demand surges in the nation’s top markets, prices are rising quickly, and locals are struggling to keep up. . Housing Markets. Housing Markets. New-Home Sales. New-Home Sales.