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. 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
MARCH 28, 2023
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. In Phoenix, 70% of for-sale homes had a price drop in February, compared with 21% a year earlier—the second-biggest uptick in the U.S.
Pro Builder
APRIL 3, 2023
Second, inventory in March was 49.5% and 16.3%, respectively, from their peak. But as the housing market moves into a typically busy spring season, that correction is losing steam. Why is the home price correction—which was already absent in some Northeast and Midwest markets—losing steam? below levels hit in March 2019.
Pro Builder
APRIL 3, 2023
Second, inventory in March was 49.5% and 16.3%, respectively, from their peak, but as the housing market moves into a typically busy spring season, that correction is losing steam. Why is the home price correction—which was already absent in some Northeast and Midwest markets—losing steam? below levels hit in March 2019.
Pro Builder
JULY 28, 2021
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%
Pro Builder
JUNE 30, 2021
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 from 12.9%
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