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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.

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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.

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Home Prices Rise at the Fastest Rate on Record

Pro Builder

After nearly two years of relentless gains, home-price growth gradually decelerated in the fall of 2021, but constrained inventory and uninhibited demand led to sharp price increases at the start of 2022.

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January Home Prices Reveal an Uncharacteristic Winter Buying Season

Pro Builder

Rising mortgage rates coupled with low housing inventory created a competitive market for buyers, who went toe to toe for a small share of high-priced homes. Cities like Phoenix and Tampa recorded year-over-year gains of more than 30%, while other popular Sun Belt metros like Las Vegas and Dallas saw a 25% surge in home prices.

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Home Builder Sentiment Reaches Pre-Pandemic Levels

Pro Builder

Builders are seeing strong traffic and lots of interest in new construction as existing home inventory remains lean,” said NAHB Chairman Chuck Fowke, a builder from Tampa, Florida. All indexes experienced growth, surpassing the 50 point mark.

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How Multifamily Builders Can Benefit From Single-Family Boom

Pro Builder

Builders are especially busy with nearly all standing inventory sold, so new-home buyers must wait nine to 12 months before their homes are even constructed. Here are some examples from across the country: Wesley Chapel (Tampa MSA). Renting where that new home will be could be ideal.

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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.