Pro Builder
SEPTEMBER 16, 2021
August welcomed slower housing price growth and increase in inventory, prepping the cooler fall season for a cooler housing market. Available housing inventory continued its upward trajectory for the fourth straight month, rising 4.1% For-sale listings rose the most month-over-month in Detroit, Oklahoma City and Buffalo.
Pro Builder
JUNE 13, 2023
These Southern metros are where BFR homes are being built the most, with Detroit, Mich., Detroit falls just below with a 96% increase in units, followed by Houston (60%) which delivered 1,875 new units in the last five years. Phoenix, Ariz., Last year, in 2022, Dallas led the charge with the most BFR completions in the country (2,773).
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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. .
Pro Builder
DECEMBER 17, 2021
Though the winter months are usually a slow period for growth in the housing market, Zillow’s Home Value Index (ZHVI) for November shows considerable price gains at a time when inventory is steadily declining. Inventory was up year-over-year in Austin (+18.6%) and Washington, D.C. (+2.1%). Market Data + Trends. Affordability.
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. Detroit joined this lineup, nudging out Minneapolis and Baltimore. Louis (3.3), Buffalo, New York (3.5), and Detroit (3.5). last quarter.
Pro Builder
JUNE 8, 2022
Even as rising mortgage rates put a damper on heated buyer competition, inventory remains below pre-pandemic rates, meaning that prices might not fall as quickly as many priced-out buyers may have hoped. Other affordable metros include: Cleveland (3.1), Detroit (3.5), Buffalo, New York (3.6); and Baltimore (3.7). Affordability.
Pro Builder
OCTOBER 6, 2021
Record housing price appreciation and low inventory is dominating news about the real estate market, but the latest U.S. They include Fort Wayne, Indiana; Toledo, Ohio; Detroit, Michigan; Wichita, Kansas; Cleveland, Ohio and Omaha, Nebraska. Census Bureau data shows that the homeownership rate actually hit 67.9% from a year before.
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