Pro Builder
MARCH 1, 2023
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. decline in home prices for 2023.
Pro Builder
JULY 18, 2022
Boise, Phoenix Prep for Big Changes Ahead After Years of Record Home Sales. Overpriced metros like Boise and Phoenix are seeing prices drop, sales slow, and inventory levels surge amid a major market cooldown. Mon, 07/18/2022 - 10:17. The nation's hottest housing markets aren't so hot anymore.
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Pro Builder
SEPTEMBER 16, 2021
August welcomed slower housing price growth and increase in inventory, prepping the cooler fall season for a cooler housing market. The largest drop-offs were in Buffalo, San Diego and San Francisco. . Available housing inventory continued its upward trajectory for the fourth straight month, rising 4.1% cbroderick.
Pro Builder
AUGUST 18, 2022
List prices are beginning to fall as active inventory spends more time on the market, meaning that those still searching for homes are finding more options and less competition. San Jose saw the largest monthly home value decline at -4.5%, followed by San Francisco (-2.8%), Phoenix (-2.8%), and Austin (-2.7%).
Pro Builder
AUGUST 20, 2021
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. Chicago, Minneapolis, Seattle, Boston, New York, San Francisco and San Jose. Inventory Rebound Continues. Inventory Rebound Continues.
Pro Builder
OCTOBER 24, 2022
We’re already seeing home values fall in some markets, from pandemic boomtowns like Austin and Phoenix to well-known expensive ones in the San Francisco Bay Area. But he also warned that some markets may actually see home prices drop. Read more.
Pro Builder
JANUARY 20, 2022
Richard Whiteley: Home builders and land developers have been highly focused on restocking their land inventory since it became evident housing would be one of the unexpected beneficiaries—at least in the near term—of the pandemic. PRO BUILDER: Where and how are home builders and land developers finding buildable lots?
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