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The Average Homebuyer’s Income Has Increased Considerably in “Pandemic Boomtowns”

Pro Builder

The Average Homebuyer’s Income Has Increased Considerably in “Pandemic Boomtowns”. Remote workers moving to Boise, for example, have raised the average annual income of homebuyers by 24%, to $98,000. According to Redfin, Boise has seen the largest increase of homebuyer income among the 100 most populous U.S. Phoenix, Ariz.,

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Home Prices Are Rising Four Times Faster Than Incomes Across the U.S.

Pro Builder

Home Prices Are Rising Four Times Faster Than Incomes Across the U.S. Housing experts are warning of market conditions that seem eerily reminiscent of the 2007 housing bubble and subsequent crash . In the past year alone, home prices have risen four times faster than incomes across the U.S., Housing Markets.

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Top 25 Finalists for Ivory Innovations' Housing Affordability Prize

Pro Builder

Top 25 Finalists for Ivory Innovations' Housing Affordability Prize esorum Thu, 03/16/2023 - 09:09 This year’s finalists in the Construction & Design category include solutions to the labor shortage as well as environmentally friendly building solutions focused on decreasing construction time.

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Sun Belt Buyers Need 40% More Income to Afford a Home

Pro Builder

Sun Belt Buyers Need 40% More Income to Afford a Home. from 2021, while homebuyers in Phoenix must earn $87,026 to afford the area’s typical monthly mortgage payment of $2,176, a 45.7% There are a few ways for people to get around rising housing costs,” Marr continued. Housing Markets. Housing Markets.

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Is Your Local Housing Market Headed Toward a Home Price Correction?

Pro Builder

Is Your Local Housing Market Headed Toward a Home Price Correction? These overpriced regional housing markets are the most likely to see home prices fall in the months ahead. Not only are those high-end housing markets more rate sensitive, but so are their tech sectors. Housing Markets. Housing Markets.

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Is a U.S. Housing Bubble About to Pop?

Pro Builder

Housing Bubble About to Pop? may be in a housing bubble, and some believe that bubble is about to burst. After peaking to new highs this summer, home prices are beginning to fall as elevated mortgage rates whittle away at housing affordability and put a dent in homebuyer demand. Tue, 10/18/2022 - 10:16. Market Data + Trends.

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The Buying Boom Is Slowing, and Experts Say a Housing Correction Could Follow

Pro Builder

The Buying Boom Is Slowing, and Experts Say a Housing Correction Could Follow. As mortgage rates keep climbing, we may be moving from a housing boom to a housing correction, says top economist Mark Zandi . housing markets. Tue, 05/31/2022 - 10:10. That's the finding from Moody's proprietary analysis of U.S.

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