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Local Housing Markets Report Low Inventory in October

Pro Builder

Local Housing Markets Report Low Inventory in October. Housing inventory is reaching record lows—here’s what to expect in the months ahead. Housing inventory could increase on a year-over-year basis during the winter months, but will still remain at historically low levels, says Bill McBride in the CalculatedRisk Newsletter. .

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Why Charlotte Could Be the Hottest Housing Market of 2023

Pro Builder

With strong home value appreciation and a healthy inventory of for-sale housing, Charlotte, N.C., With strong forecasted home value growth, a healthy local economy, fast-moving inventory, and a growing share of prospective buyers, Charlotte, NC is predicted to be the hottest housing market of 2023. Thu, 01/12/2023 - 11:25.

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10 of the Hardest Metros to Snag a Home

Pro Builder

market while housing inventory is down, resulting in a competitive market, but these metros are the most competitive. SmartAsset identified the hardest places to purchase a home in America by analyzing the affordability, inventory, and pricing levels of the top 50 U.S. Sacramento-Roseville-Folsom, CA. Thu, 05/20/2021 - 10:50.

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Home Price Gains Expected in Unseasonably Warm Winter Housing Market

Pro Builder

Though the winter months are usually a slow period for growth in the housing market, Zillow’s Home Value Index (ZHVI) for November shows considerable price gains at a time when inventory is steadily declining. Inventory was up year-over-year in Austin (+18.6%) and Washington, D.C. (+2.1%). Market Data + Trends. Affordability.

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A Record Share of U.S. Homebuyers Are Relocating for Affordability

Pro Builder

Miami was the top destination for migrating homebuyers in January and February, followed by equally sunny metros like Phoenix, Tampa, FL, Sacramento, CA and Las Vegas, Redfin reports. They just don’t have the cash to compete, especially when there’s such limited inventory. Housing Markets. New-Home Sales. Housing Markets.

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First-Time Buyer Affordability Fell Sharply in Q1 2022

Pro Builder

Even as rising mortgage rates put a damper on heated buyer competition, inventory remains below pre-pandemic rates, meaning that prices might not fall as quickly as many priced-out buyers may have hoped.

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First-Time Homebuyers Found No Relief From Rising Prices in Q4 2021

Pro Builder

First-time buyers struggled the most in the wake of record high home prices and a lack of starter inventory, but metros like Pittsburgh and Cleveland offered some relative affordability. Others at this end of the list include San Diego (9.2), San Jose (8.3), Sacramento (7.7), Riverside and Miami, both 7.6. last quarter.