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Local Housing Markets Report Low Inventory in October

Pro Builder

Local Housing Markets Report Low Inventory in October. Housing inventory is reaching record lows—here’s what to expect in the months ahead. Local housing markets reported low inventory for the month of October, and markets in Jacksonville, Miami, and San Diego even reached record lows. Read More. .

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Property Type Driving Miami Real Estate Trends During Pandemic

Pro Builder

Property Type Driving Miami Real Estate Trends During Pandemic. The impact of the coronavirus pandemic on the Miami housing market falls along property lines: Single-family homes are still selling like hot cakes, but condos? As condo inventory increases, the demand has decreased, creating what Redfin says is a buyer’s market.

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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. Meanwhile, those who waited until between the ages of 35 and 44 to buy netted $72,000 less in median housing wealth.

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Andrés Duany on New Urbanism’s Legacy and a Solution for Affordable Housing

Pro Builder

Andrés Duany on New Urbanism’s Legacy and a Solution for Affordable Housing. As a leading advocate for smart growth, Miami-based architect and urban planner Andrés Duany's vision for housing development and affordability is both bold and practical. No Nonsense Housing Company. Sun, 07/26/2020 - 06:00. Andrés Duany.

Housing 105
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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. In Miami, luxury home prices surged 42% in the quarter, with the average sale price hitting $2.8 Housing Markets.

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Renting a Home May Be Even Harder Than Buying One

Pro Builder

As limited supply and double-digit price increases push a growing number of prospective buyers out of the housing market, demand for single-family rental homes is hitting an all-time high, but increased competition and a similar lack of inventory are making the rental market an even more difficult alternative.

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Home Prices Rise at the Fastest Rate on Record

Pro Builder

After nearly two years of relentless gains, home-price growth gradually decelerated in the fall of 2021, but constrained inventory and uninhibited demand led to sharp price increases at the start of 2022. It’s that kind of exuberance that led to past housing downturns.”. We should not see rapid upticks in prices as mortgage rates rise.

Tampa 105