article thumbnail

Tampa Takes the Top Spot as 2022's Hottest Market

Pro Builder

Tampa Takes the Top Spot as 2022's Hottest Market. For the second year in a row, the Sun Belt is dominating Zillow’s list of the nation’s hottest housing markets with metros like Tampa, Jacksonville, and Raleigh securing the top spots. Tue, 01/04/2022 - 10:29. Where the sun is hot, the real estate is even hotter.

Tampa 52
article thumbnail

Rental Market Recovers Faster Than Predicted

Pro Builder

There’s rebalancing in the for-sale market as well with inventory increasing for the third consecutive month and home value growth slowing in many of the largest markets. higher in Tampa. Inventory Rebound Continues. For-sale inventory, while still down 27.6% lower than they are today. Read More. . Multifamily.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Home Prices Plateaued in October as Rising Mortgage Rates Put Pressure on Buyers’ Budgets

Pro Builder

Tight inventory sustained elevated prices, though some formerly red-hot housing markets posted small but steady declines throughout October. Home prices are falling in housing markets that saw record home sales throughout the pandemic as soaring interest rates continue to price out prospective buyers. The typical U.S.

article thumbnail

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

Pro Builder

increased its inventory by 380 percent, going from having 382 single-family rentals in 2017 to 1,834 rentals in 2022. Jacksonville, Fla., 265%), and Tampa, Fla. These budding cities include Charlotte, N.C., that had 621% more BFR homes in 2022 (1,333 units) than in 2017 (185 units). Atlanta, Ga.,

Phoenix 102
article thumbnail

How Just-in-Time Land Deals Help Manage Cash Flow

Pro Builder

But when it comes to land inventory strategies, most builders seem reluctant to rely on a “just-in-time” model to acquire land as needed for immediate construction. Certainly, publicly traded home builders have pivoted to land-light business models that allow them to forgo owning years’ worth of land inventory. In the Real World.