article thumbnail

The Great Housing Cooldown Is Underway—Here’s How Your Local Market Stacks Up

Pro Builder

Home sales are slowing and inventory is rising nationwide, but not all markets are cooling at the same pace. Inventory levels are rising quickly in a number of regional markets across the U.S., Among the 917 markets tracked by realtor.com, 35 markets have inventory levels above July 2019. Thu, 08/11/2022 - 09:38.

Housing 52
article thumbnail

After Wreaking Havoc on Rural Markets, Remote Workers Are Returning to the Office

Pro Builder

In addition, an unprecedented wave of housing demand drove up competition and left behind little inventory for remaining house hunters in towns like Moab, Utah. Over the past two years, home prices have surged in rural markets, entirely pricing out local buyers.

Office 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Here Are the Most Affordable Markets for First-Time Buyers in 2022

Pro Builder

First-timers can capitalize on greater housing inventory and affordable prices in rural towns and suburbs like Magna, Utah and Chalco, Nebraska, where younger demographics are taking over the resident populations.

article thumbnail

Kenworth Opens Service Facility in St. George, Utah

Construction Equipment

George, Utah, facility. The 21,000-square-foot facility sits on 10 acres and features 12 service bays, expanded parts inventory, new and used truck sales, rental, and leasing. Kenworth Sales Co. celebrated the opening of its new full service St. This new store allows us to better facilitate the…

Utah 16
article thumbnail

Few, Fluctuating, and Far Between—Here Are America’s Most Stable Markets

Pro Builder

According to CNBC, Utah is home to the nation’s most stable housing market with the fastest pace of new construction and 27.1% Even as prices inch toward new highs and bidding wars screech to a halt in some overheated markets across the country, other locations are still seeing strong sales and flourishing new construction activity.

article thumbnail

Florida, Ohio Among the Nation's Most Overvalued Housing Markets

Pro Builder

Home buyers in overpriced markets could be taking a serious gamble if prices soon level off or decline, but metro areas with low housing inventories and a steady influx of new residents are expected to withstand a real estate slowdown caused by rising mortgage rates. Austin, Texas, is second, with buyers paying a premium of about 60 percent.

Ohio 52
article thumbnail

The Fastest and Slowest Moving Housing Markets Right Now

Pro Builder

Slower moving markets are still moving fast compared to last year, but these markets typically have more inventory to offer. While nonlocals are scooping up homes at a rapid pace, that’s not the whole picture, says Christopher Collard, a research analyst at the Utah Foundation, a nonprofit research organization based in Salt Lake City.

Housing 52