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An Influx of Buyers Nearly Dries Out Palm Beach's High-End Inventory

Pro Builder

An Influx of Buyers Nearly Dries Out Palm Beach's High-End Inventory. Compared to last year, there are 79% fewer homes for sale, bringing Palm Beach’s housing inventory down to a five or less month supply. Southern Florida is experiencing a booming market in general right now, Miami’s home prices jumped 42% in the quarter as a result.

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Starter Home Inventory at Five-Decade Low

Pro Builder

Starter Home Inventory at Five-Decade Low. Freddie Mac defines entry-level housing as homes up to 1,400 square feet, and inventory for those homes is now at a five-decade low, reports Realtor.com. In Florida, homes with up to 1,400 square feet of living area made up 58% of the new housing supply in 1985, but that share dropped to 12%.

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Here Are the Cities With the Highest Inventory—and Those With the Lowest

Pro Builder

Here Are the Cities With the Highest Inventory—and Those With the Lowest. In January 2022, a total of just 408,922 listings made up the entire housing supply for a country of more than 332 million people, and inventory is still declining, Realtor.com reports. Fri, 02/11/2022 - 10:08. So where did all the homes go? Housing Markets.

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Florida, Ohio Among the Nation's Most Overvalued Housing Markets

Pro Builder

Florida, Ohio Among the Nation's Most Overvalued Housing Markets. As more Americans migrate from major cities like New York and San Francisco, states like Florida, Ohio, and Idaho are seeing higher populations as well as much higher prices. Thu, 01/27/2022 - 10:29. Among the 33 most inflated U.S.

Ohio 52
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In a Full Market Correction, How Low Could Home Prices Go?

Pro Builder

As mortgage rates near 7% and housing inventory remains tight, Comerica chief economist Bill Adams predicts that real residential investment will drop 18% next year, while sales of new single-family homes could fall 25% to 463,000. Market Data + Trends. Housing Markets.

Metro 94
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NAHB New Chair to Tackle Regulation and Promote Trades

Pro Builder

Chuck Fowke named NAHB's new chair; a look at new single-family home inventory. As of June 19, Florida custom home builder Chuck Fowke has taken the reins as chairman of the board of the National Association of Home Builders. New Single-Family Home Inventory. NAHB New Chair to Tackle Regulation and Promote Trades.

NAHB 98
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Active Adult Buyers Are Back, Here’s What to Know

Pro Builder

Adult buyers have clear priorities of wanting to be near children and grandchildren, and as more people are moving to the suburbs or states such as Florida or Arizona, the grandparents are going to want to move that direction as well. Inventory is key, says John Burns, as active adult buyers want to buy fast.

Arizona 105