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.

Metro 95

Metro San Francisco Austin Phoenix 95

Pro Builder

JUNE 13, 2023

Phoenix, Ariz., leads the market with 5,500 homes under construction in 2023, followed by Dallas (4,400 units), and Houston, Texas (2,600 units). For example, Phoenix leads this list as well with 6,000 of its BFR units being built in the last five years. They averaged at 1,361 square feet, four bedrooms, in 2022—up 2.6%

Phoenix 102

Phoenix Metro Dallas Detroit 102

Pro Builder

FEBRUARY 8, 2022

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.

Metro 105

Metro Phoenix Los Angeles Dallas 105

Pro Builder

JUNE 20, 2023

from this time last year, and cities such as Austin, Texas, and Phoenix are seeing double-digit declines, but without an increase in housing inventory, experts say home prices will remain elevated throughout the remainder of 2023. Buoyancy in the national average home prices is largely due to record-low inventory levels.

Inventory 98

Inventory Phoenix Austin Housing 98

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.

San Jose 52

San Jose Austin Seattle Phoenix 52

Pro Builder

MAY 31, 2022

As waning inventory and surging demand put pressure on overvalued housing markets, prices will continue to fall over the coming year, Fortune reports. Zandi says the extremely "overvalued" housing markets like Boise and Phoenix are at the highest risk of falling home prices over the coming year. Market Data + Trends. New-Home Sales.

Housing 52

Housing South Carolina Phoenix Inventory 52

Pro Builder

OCTOBER 18, 2022

Just how drastic those changes are depends on housing inventory and the trajectory of mortgage rates, Realtor.com reports.

Housing 52

Housing San Diego Idaho Phoenix 52