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A Record High Number of Home Buyers Are Looking to Relocate

Pro Builder

Miami saw the largest share of new arrivals in 2021, followed by popular metros like Phoenix and Tampa, where warmer weather and comparative affordability are attracting droves of remote workers from pricey northern markets.

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The Typical U.S. Monthly Rent Now Equates to 63 Hours of Work for Budget-Strained Tenants

Pro Builder

rent marks the end of a two-year streak of non-stop price growth, but renters are still burdened by inflated costs in metros like Miami, Tampa, and Phoenix. Renters in Miami face the greatest affordability hurdles, needing to work 96 hours at the average wage to pay the typical rent. Phoenix rents are up 66.7%

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East Coast Homebuyers Are Relocating for Affordability—Here’s Where They’re Headed

Pro Builder

The typical monthly housing payment has risen 26% since the beginning of 2022 thanks to soaring mortgage rates, and as a result, prospective buyers from pricey metros such as New York City are headed to comparatively low-cost areas like Miami. Las Vegas, and Phoenix, Redfin reports. “A

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Inflation Is Rising the Fastest in Sun Belt Cities—Here’s Why

Pro Builder

Sun Belt cities like Phoenix, Atlanta, Miami, and Tampa have experienced price increases above 10 percent this year, soaring well beyond the national rate of 8.5 Rents are up 21 percent year-over-year in Phoenix, and in Miami, renters are paying 14 percent more a month than they were a year ago. .

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In Pursuit of Affordability, Homebuyers Are Heading to Cities With the Biggest Climate Risks

Pro Builder

Cities such as Phoenix, Las Vegas, and Miami are attracting the most interest, but according to Insider , they’re also home to some of the biggest climate risks in the country, from droughts and heat waves to flooding and hurricanes.

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Home Prices Rise at the Fastest Rate on Record

Pro Builder

Sun Belt cities like Phoenix, Tampa, and Miami reported the most significant price hikes, followed by markets in the Mountain region in states like Montana, Idaho, Wyoming, Colorado, and Nevada, among others.

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Metropolitan Migration Patterns Show Some Cities Growing at the Expense of Others

Pro Builder

Census Bureau shows that metropolitan migration patterns feed cities like Phoenix, Arizona and Riverside, California with more people moving away from powerhouse metros like Houston, Miami, and Los Angeles. . Data collected by the U.S. metropolitan areas with the highest average annual population gains at the expense of others.