Pro Builder
MARCH 9, 2022
First-time buyers struggled the most in the wake of record high home prices and a lack of starter inventory, but metros like Pittsburgh and Cleveland offered some relative affordability. times median first-time buyer income, Cleveland (3.1), St. times median first-time home buyer income and 5.3
Pro Builder
AUGUST 20, 2021
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. Inventory Rebound Continues. For-sale inventory, while still down 27.6% If there had been no pandemic, Zillow predicted rents would be 2.9% Read More. .
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Pro Builder
APRIL 1, 2021
Rapid growth in the most-affordable segment of the market is not a particularly new phenomenon — these homes have long been in high demand from budget-conscious buyers, and it can be difficult for builders to profitably build in these segments, further restricting already-tight inventory. and the top third grew by 9.8% percentage points.
Pro Builder
SEPTEMBER 23, 2021
Louis, MO; Pittsburgh, PA; Orlando, FL; and Cleveland, OH metro areas round out the top five markets where the cost of buying was lower than the monthly rent. . Birmingham, AL tops the list of markets that favor buying, where the monthly cost of buying a “starter” home was $728 in July, which was 33.1%
Pro Builder
JULY 28, 2021
Chicago, Cleveland and Minneapolis reported the lowest gains, although they were still in low double-digits. “A Five cities – Cleveland, Dallas, Denver, Seattle and Charlotte, North Carolina – saw their all-time highest annual gains. The inventory of homes for sale has finally started to increase, albeit slowly. Read More. .
Pro Builder
JUNE 30, 2021
Five cities – Charlotte, North Carolina, Cleveland, Dallas, Denver and Seattle – saw their largest annual gains ever. “We The inventory of homes for sale rose slightly in May compared with April, but was still 21% lower than May 2020, according to the National Association of Realtors.
Pro Builder
JANUARY 5, 2021
Cleveland, Cincinnati, Indianapolis, and Memphis are just some of the metros that CNBC says have been experiencing the strongest price gains in the nation. These have all been historically more affordable markets, and markets that generally have more inventory of homes available for sale. Coastal Cities May Be Losing Their Charm.
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