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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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These Are America’s Most Undersupplied Housing Markets

Pro Builder

These Are America’s Most Undersupplied Housing Markets ibush Tue, 01/31/2023 - 15:08 Due to the housing affordability crisis, it's anticipated U.S. home builders will fall short on meeting housing needs in 2023 To accommodate current and future demand this decade, the home building industry must build back from a deficit of 17.1

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Single Family Build-For-Rent Homes Reach All-Time High

Pro Builder

Today, there are 44,700 rental homes in the pipeline—triple the amount of houses completed in 2022. In the highest yearly total to date, 2022 saw a completion of over 14,500 BFR houses. Phoenix, Ariz., For example, Phoenix leads this list as well with 6,000 of its BFR units being built in the last five years.

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Incentives Won’t Be Enough to Keep Buyers in the Game as Housing Shortage Grows

Pro Builder

Incentives Won’t Be Enough to Keep Buyers in the Game as Housing Shortage Grows. Builders are offering incentives to prospective buyers to hold on to what little demand remains, but as supply drops and housing costs grow, sales continue to slow. Fri, 08/12/2022 - 09:36. New-Home Sales. Affordability. New-Home Sales.

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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.

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These Are the Housing Markets Seeing the Most—and Least—Price Reductions

Pro Builder

These Are the Housing Markets Seeing the Most—and Least—Price Reductions ldeakins Mon, 03/27/2023 - 11:42 Homebuyers daunted by rising home prices and borrowing costs are pulling out of the for-sale market. Home sellers are making the most significant reductions in overpriced markets such as Austin, Texas, Phoenix, and St.

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Migrating Americans Are Driving Up Home Prices in Popular Metros

Pro Builder

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.

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