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A Record Share of Homebuyers Relocated to These Metros in Q4 2022

Pro Builder

Markets such as Sacramento, Calif., Phoenix is typically a huge vacation home market, but I’ve seen a big decline in people purchasing second homes and investment properties lately,” said local Redfin agent Heather Mahmood-Corley. Read more Housing Markets New-Home Sales Housing Markets

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Despite a Cooler Market at the Start of 2023, Rents Are Still Rising in These U.S. Metros

Pro Builder

On a year-over-year basis, rents are down 1.0% in Las Vegas, and barely up at all in Phoenix (1.1%), Sacramento (2.1%), Baltimore (2.6%), and New Orleans (2.8%). Rents are roughly right where they were last January in several Inland West markets.

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3 Cities Out-of-Town Buyers Are Eyeing Most

Pro Builder

As buyers continue to leave New York, San Francisco, and Los Angeles, searches in Sacramento, Tampa, and Las Vegas come mainly from out-of-towners. The most interest from these searchers are in Sacramento, Austin, and Phoenix. million in San Francisco and $710,000 in Los Angeles.

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Jump Ball in Sacramento

Buisness Facilities Contributed Content

Last night, the basketball season mercifully came to an end for the Sacramento Kings. As part of the deal that secured the Kings, the Maloofs acquired the WNBA’s Sacramento franchise, the Monarchs, but the women’s team folded in 2009 when a new owner could not be found. They were so far behind the eighth-seed L.A.

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Where the Buyers Are (Moving To and Leaving)

Pro Builder

“I’ve had buyers drop out of their search in the Bay Area because they’re moving to Sacramento or Texas, and I’ve had people moving over to Pleasanton because it’s less expensive than San Francisco. Sacramento has overtaken Phoenix as the most popular destination for homebuyers looking to move to a different metro area.

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As the Market Cools, These Homebuying Hotspots Are Susceptible to a Downturn

Pro Builder

Homes in Boise, Phoenix, and Tampa were selling at a lightning pace throughout the pandemic, but a recession could soon pull the plug on sales in the nation's most popular markets. As the Market Cools, These Homebuying Hotspots Are Susceptible to a Downturn. Tue, 07/26/2022 - 10:18.

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Bidding Wars Continue to Rage On

Pro Builder

Nearly 60% of offers faced competing bids in three of the four most popular destinations for Redfin.com users who looked to relocate in July: Sacramento (57.8%), Phoenix (56.5%) and Austin (58.2%).

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