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The Housing Market May Be Slowing, but Prices in These Popular Metros Are Still Soaring

Pro Builder

The Housing Market May Be Slowing, but Prices in These Popular Metros Are Still Soaring. After years of record-breaking gains, the housing market is, by most accounts, beginning to cool, but some popular metros are still seeing persistent growth. Housing Markets. Housing Markets. Tue, 08/09/2022 - 10:38. New-Home Sales.

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A Breath of Fresh Air and a Room With a View—These Markets Have It All

Pro Builder

At the top of the list was Honolulu, which ranked eighth for its water views, fourth for air quality, and first for its share of available homes with city views. . are your best bets, followed again by Honolulu. Housing Markets. Housing Markets. cities according to residential views and air quality. Outdoor Living.

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These Metros Are Home to the Largest—and Smallest—Homes in the U.S.

Pro Builder

Those looking to cut down their square footage can find the smallest homes in metro areas like Long Island City, NY, Honolulu, HI, and Miami Beach, FL, where, despite their hefty price tags, homes are available with a median square footage of 762, 929, and 1,003, respectively, Realtor.com reports. . “On Housing Markets. Floor Plans.

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Affordable Starter Homes Are Becoming Harder to Find

Pro Builder

The majority of housing markets lack starter homes under $150,000, and some pricey metros have none available at all. Housing affordability is becoming increasingly hard to find across the U.S., and the number of housing markets with starter homes listed below $150,000 is quickly dropping. Housing Markets. Affordability.

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Where Are Home Prices Decreasing?

Pro Builder

Honolulu, HI. In the Honolulu area, unemployment has reached 8.1%—well Housing Markets. Housing Markets. In general, these areas are in the south, rely heavily on tourism or college sports, and have struggling local economies, says Realtor.com. In Destin, Fla., home prices have dropped a whopping 15.6%. Read More. .

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Harvard Interactive Chart Illustrates Nationwide Home Price Increases

Pro Builder

Harvard University’s Joint Center for Housing Studies’ (JCHS) new interactive chart illustrates the unprecedented home price increases this past year by combining data from 100 large metro areas and divisions. In fact, among the 100 markets, only Honolulu experienced less rapid home price growth in early 2021 compared to a year earlier.

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Homebuyer Competition Drops to Lowest Level in Two Years

Pro Builder

The nationwide bidding war rate fell below 50% in June for the first time since May 2020 as a result of inflated housing costs pushing a growing number of would-be buyers to the sidelines. ppts) and Honolulu (38.9% Of all home offers written by Redfin agents during the month of June, 49.9% metropolitan areas in this analysis.

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