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Competition Heats Up Over Record-Low Share of New Listings

Pro Builder

Among the nation’s top 50 housing markets, New Orleans was the only one to see home values fall in March, while Kansas City, Kan., Home values fell from year-ago levels in 18 major markets, with San Francisco experiencing the biggest drop (-9.4%). But even San Francisco had strong monthly growth: 1.3%.

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Changes in Rental Prices Reveal the Hottest and Coolest Markets

Pro Builder

Since the onset of the pandemic, big cities such as New York and Los Angeles have lost residents while mid-sized, more affordable cities are growing in popularity. San Francisco one-bedroom apartments have dropped 45% in cost while Los Vegas experienced rent increases, according to a report by Apartment Guide.

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Home Prices Plateaued in October as Rising Mortgage Rates Put Pressure on Buyers’ Budgets

Pro Builder

On the flip side, home prices continued to rise in affordable metros like Milwaukee, Hartford, and Kansas City, which saw gains of 0.9%, 0.9%, and 0.8%, respectively. Las Vegas, Austin, and Raleigh saw the largest monthly changes with price drops of -2.3%, -2.2%, and -1.1%, respectively. lower than this time last year.

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Spring Housing Market Listings 200,000 Lower Than Average

Pro Builder

While the biggest drops in new supply were in Oklahoma City and Kansas City, Missouri, declines were widespread across the country. The only major cities seeing gains in inventory were San Jose, California, and San Francisco and Denver. .

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Workers Are Moving to These Smaller Metros

Pro Builder

After taking a closer look at the outflows for the San Francisco Bay area, Sacramento was one of the top 5 destinations during the pandemic. In the meantime, among all metro areas, Salt Lake City ranked as the 15th metro area with the lowest unemployment rate (5.3%).

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FEATURE STORY: The Cultural Roots Of High-Tech Growth

Buisness Facilities Contributed Content

A white paper recently released by the Kauffman Foundation finds that Kansas City and other areas viewed as “new” startup high-tech hubs actually are benefitting from many years of nurturing a local culture of entrepreneurship. The top 10 cities in 2010 also ranked among the top 20 cities two decades earlier.

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Seven Finalist Cities Chosen For Smart City Challenge

Buisness Facilities Contributed Content

The finalists are: Austin, TX; Columbus, OH; Denver, CO; Kansas City, MO; Pittsburgh, PA; Portland, OR; and San Francisco, CA. Source: USDOT. The finalists were announced by Secretary Foxx at the C3 Connected Mobility Showcase being held during the South by Southwest conference (SXSW). .