Pro Builder

DECEMBER 6, 2021

Metro Denver Reports Low Housing Inventory in November. November home sales in metro Denver dropped 38.4% Builders are rushing to combat a two-year inventory shortage in metro Denver, but post-pandemic supply chain disruptions will continue to affect new construction starts into the new year. from October and 17.7%

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Pro Builder

AUGUST 9, 2022

Homebuyers Brace for Big Changes Ahead as Inventory Climbs and Sellers Slash Prices. metros climbed 41% in July, especially in popular cities like Phoenix, Austin, and Raleigh, where inventory rose 158.7%, 154.5%, and 137.5%, respectively. Tue, 08/09/2022 - 10:15. Here's what that might mean for prospective buyers.

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Pro Builder

JULY 7, 2022

As Homebuyer Demand Drops, Inventory Is on the Rise in Metro Denver. Fewer buyers are actively searching for homes as interest rates surge, and waning demand is leaving behind an abundance of inventory. Rising inventory is the direct result of elevated mortgage rates pricing out a growing share of buyers. New-Home Sales.

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Pro Builder

MARCH 9, 2023

posted the strongest annual inventory gains of 208.2%, 231.6%, and 191.2%, respectively. Though active inventory is rising at a steady pace, new listings are falling in those same metros thanks to cooler demand from local buyers. New listings were down 17.8% year-over-year in Denver and 24.2% in Las Vegas.

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Pro Builder

NOVEMBER 4, 2021

Denver Metro Housing Market Hits Cooling Period. Though the housing market is still hot in most metro areas across the United States, Denver is seeing a major cooling period with fewer home sales and active listings during the month of October. . October’s inventory decline of 15% marks the second largest on record after a 16.8%

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Pro Builder

APRIL 23, 2021

Housing Inventory Shows Promising Signs of Potential Rebound. Housing inventory began to show its first signs of a rebound in March when stock took a much shallower dip and even increased from February in some markets. For-sale inventory dropped 1.1% metros, according to Zillow’s market report. cbroderick.

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Pro Builder

SEPTEMBER 23, 2021

Rents are soaring to all-time highs and rising at a record pace which, after doing the math, has made buying a starter home more affordable than renting in 24 of the 50 largest metro markets, analyzed by Realtor.com. In the top 10 metros that favored buying over renting in July, monthly payments for starter homes were 24.3%

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Pro Builder

AUGUST 17, 2020

Major markets continue to see high demand and low inventory, but buyers may find hope in secondary markets and smaller cities. Inventory shortage has been a problem for the housing market for years, but now with the pandemic mixed in, prices are shooting up and inventory is going down. year-over-year drop in inventory.

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Pro Builder

MAY 20, 2021

10 of the Hardest Metros to Snag a Home. market while housing inventory is down, resulting in a competitive market, but these metros are the most competitive. SmartAsset identified the hardest places to purchase a home in America by analyzing the affordability, inventory, and pricing levels of the top 50 U.S. cbroderick.

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Pro Builder

DECEMBER 21, 2020

Metros With the Greatest Change in Listing Supply. With more Americans looking to buy as many existing homeowners are reluctant to list, housing inventory has fallen short across the country, but most in these metros. metros in the third quarter of 2020. metros in the third quarter of 2020. cbroderick.

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Pro Builder

MARCH 11, 2022

in February as a lack of inventory drives up sale prices. homes were valued at $1 million or more in February, and some metros are reporting a majority of total housing stock in the million dollar range, Forbes reports. Homes Are Worth $1 Million or More. Fri, 03/11/2022 - 10:40. A record 6 million U.S.

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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% And the annual declines in inventory are not universal — Austin and Washington D.C. cbroderick.

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Pro Builder

DECEMBER 8, 2022

10 Most Affordable Metros for First-Time Buyers in 2023. With rising shares of home price reductions, high relative housing supply, and mortgage and rent affordability, these metros offer a starting point for budget-conscious first-time homebuyers. Thu, 12/08/2022 - 10:18.

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Pro Builder

DECEMBER 15, 2022

The Top 10 Most Affordable Metros for First-Time Buyers in 2023. With comparatively high inventory and affordable home prices, these metros are prime homebuying locations for first-time house hunters in 2023. Thu, 12/15/2022 - 10:15. savings rate), the lowest on Zillow’s winter/spring 2023 list.

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Pro Builder

FEBRUARY 3, 2023

Inventory is expected to increase 17% nationwide in 2023, but the number of homes available for sale is expected to decline in half of the largest 100 markets, Forbes reports.

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Pro Builder

JUNE 7, 2023

Active inventory posted a steady 11.9% In metros such as Las Vegas, however, prices are still rising on an annual basis, and sales are also slowing considerably despite a 4.6% year-over-year gain in active inventory, Bill McBride reports in the CalculatedRisk Newsletter. year-over-year in May.

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Pro Builder

MARCH 8, 2022

Elevated competition from rising mortgage rates and low inventory is driving up sale prices in popular metros like Los Angeles, where 718 homes sold for at least $100,000 above the asking price from January 1 to February 15, Redfin reports. The rest of the top 10 are also expensive compared to the U.S. as a whole. .

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Pro Builder

APRIL 7, 2023

Rhonda’s Place is a great addition to Denver’s inventory of supportive housing, and it will help transition many individuals from homelessness back into housing for decades to come.” We know from experience that housing plus supportive services makes a transformational difference for our unhoused neighbors,” Mayor Michael B.

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Pro Builder

JANUARY 6, 2022

Metro Denver Housing Market Ends the Year With Meager Supply. Buyers in a picked over Denver market are finding limited inventory and sky high prices. The median price of a single-family home in metro Denver rose 19.3% Metro Denver, a region with 1.4 Metro Denver, a region with 1.4 Thu, 01/06/2022 - 10:01.

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Pro Builder

APRIL 28, 2021

The Best Metros for Homebuyers and Home Builders. Housing inventory has fallen continuously during the past nine years while buyer demand has only risen, says the National Association of Realtors (NAR). These markets are also prime opportunities for home builders because the increase in inventory remains lower than demand.

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Pro Builder

JUNE 13, 2023

These Southern metros are where BFR homes are being built the most, with Detroit, Mich., Based on yearly averages and trends, RentCafe has compiled a list of metros that have made the most growth in the past few years—metros that are "hot" for BFR. as the exception. These budding cities include Charlotte, N.C., Atlanta, Ga.,

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Phoenix Metro Dallas Detroit 102

Pro Builder

MARCH 13, 2023

Luxury Home Sales Are Plummeting in These Pricey Metros ldeakins Mon, 03/13/2023 - 11:32 Sales of luxury homes are falling nationwide amid persistent affordability challenges, and these metros are seeing the most substantial slowdowns Luxury home sales fell 45% during the three months ending Jan. Supply is rising.

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Pro Builder

DECEMBER 6, 2021

Third Quarter Metro Affordability Report Reveals a Tight Market for First-Time Buyers. In the third quarter of 2021, price growth began to normalize after months of record highs and inventory rose slightly across the nation, but first-time buyers still struggled in a competitive seller’s market, according to NerdWallet.

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Pro Builder

MAY 7, 2021

Luxury Homes Selling Faster in Denver Metro. The number of homes sold at or above $1 million in the Denver metro area has doubled compared to the first quarter of 2018, 2019, and 2020. Still, inventory levels remain down 62.2% The median closing price of a home sold in metro Denver last month hit a record $585,000, up 4.3%

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Pro Builder

APRIL 11, 2022

Metro Residents Voice Support for ADUs, Duplexes, and Triplexes in Residential Neighborhoods. metros are in favor of modest densification measures to create more affordable housing. metro areas, 73% of homeowners favored additional affordable housing units, while support was even higher among renters (84%). . Affordability.

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Pro Builder

MARCH 4, 2022

The Median Home Price Is Up to a New Record High as Inventory Drops. A lack of housing inventory caused the typical home to sell for 0.8% Unless substantial inventory is added to a picked-over housing market, prices will continue to surge in major metros, heating up competition and pricing more Americans out of homeownership.

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Pro Builder

MARCH 14, 2023

Metros ldeakins Tue, 03/14/2023 - 10:42 Home prices are falling and inventory is stalling across much of the U.S., In smaller, more affordable metros such as Davenport, Iowa, Montgomery, Ala., On top of that, homes are selling faster now than they did a year ago—one of only five of the 150 largest metros across the U.S.

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Pro Builder

MARCH 14, 2023

Metros ldeakins Tue, 03/14/2023 - 10:42 Home prices are falling and inventory is stalling across much of the U.S., On top of that, homes are selling faster now than they did a year ago—one of only five of the 150 largest metros across the U.S. Home Sellers Still Have the Upper Hand in These U.S.

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Pro Builder

OCTOBER 27, 2022

economists warn that the housing market is headed toward a large correction, and some overheated metros could see major price drops . The housing market is headed toward a major correction that could lead to modest price drops in the year ahead after whirlwind sales throughout the majority of the COVID-19 pandemic, Insider reports.

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Pro Builder

MARCH 15, 2021

Buyers Want Big Homes, These Metros Offer the Most. Homes sized at 4,000 square feet and up sold faster in more than 70% of the country’s largest metros in February compared to the same time last year. Realtor.com looked at the data to find the metros with the largest share of sizable homes. cbroderick. Mon, 03/15/2021 - 10:00.

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Pro Builder

MARCH 29, 2021

The Realtor.com data team took a look at which parts of the country could get some relief with some brand-new inventory. The Realtor.com data team took a look at which parts of the country could get some relief with some brand-new inventory. To see the Top 10 metros with the biggest spikes in permits and their median prices … .

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Pro Builder

JANUARY 27, 2021

Top Three Metros With the Fastest Rising Home Prices. For the S&P CoreLogic Case-Shiller 20-city price index, which focuses on the largest 20 metros in the country, home prices rose by 9.1% For the S&P CoreLogic Case-Shiller 20-city price index, which focuses on the largest 20 metros in the country, home prices rose by 9.1%

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Pro Builder

AUGUST 18, 2022

List prices are beginning to fall as active inventory spends more time on the market, meaning that those still searching for homes are finding more options and less competition. The Housing Market Is Rebalancing, and Those Who Can Still Afford Homes Are Poised to Benefit. Thu, 08/18/2022 - 10:50. After two years of consistent growth, U.S.

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Pro Builder

JUNE 10, 2021

Previous Zillow research has found even a modest amount of upzoning in large metro areas could add 3.3 million homes to the U.S. housing stock, creating room for more than half of the missing households since the Great Recession — a major reason for today’s frenzied housing demand.

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Pro Builder

MARCH 4, 2021

Denver Listings Gone in Five Days with Inventory at Record Low. The Denver metro area has consistently averaged 13,531 active listings by the end of February since 1985. cbroderick. Thu, 03/04/2021 - 09:36. By the end of February 2021, there were only 2,024 properties up for sale, according to the Denver Post.

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Pro Builder

AUGUST 19, 2022

Homeownership Dreams Put On Hold by Buyers in Popular Metros. The housing market may be slowing, but buyers in popular metros like Austin, TX are still seeing record high home prices . Fri, 08/19/2022 - 10:55.

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Pro Builder

AUGUST 13, 2020

These Metros Have An Abundance of Affordable Homes. Despite low mortgage rates, buyers looking for affordable housing face limited options, many experiencing all-out bidding wars for homes amid historically low inventories. cbroderick. Thu, 08/13/2020 - 10:06.

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