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The Red-Hot Housing Market

Housing Wire

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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These are the most competitive housing markets in the U.S.

Housing Wire

In the most competitive housing markets in the country, virtually every buyer has immaculate credit, a few hundred thousand dollars – or more – for a downpayment and knows what their mortgage options are. In the nearby San Francisco housing market, where the average home sells for $1.4 appeared first on HousingWire.

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In these housing markets, refis are still (kinda) happening

Housing Wire

Atlanta (15%), Miami (15%), Riverside-San Bernardino (14%), San Francisco-Oakland (14%) also had a higher rate of refis than the national average. The lowest percentage of refi locks were in the Houston and Minneapolis metros, at just 6%, By contrast, 20% of locks in the Los Angeles metro were refis in April.

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Shoppers are gearing up for the spring homebuying season: Zillow

Housing Wire

The housing market is heating up as the spring buying season approaches. Well-priced homes are selling fast, often within 29 days, and that time frame is bound to shorten as the shopping season opens, according to Zillow ’s January market report. year over year.

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These housing markets are most likely to correct based on foreclosure buyer behavior

Housing Wire

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months.

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Why all your exes probably live in Texas

Housing Wire

However, the Austin housing market, which boomed during the pandemic , is now seeing barely positive migration numbers, along with Phoenix , Arizona, and Las Vegas, Nevada. The John Burns report shows housing demand is weak in Sacramento and Riverside-San Bernardino , California.

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The post-pandemic migration surge has evidently ended

Housing Wire

Minneapolis; Riverside-San Bernardino, California; and Sacramento are among the unexpected beneficiaries of shifting migration patterns. While cities such as Atlanta; Boise, Idaho; and Nashville still hold appeal, their draw has tempered compared to previous years. Meanwhile, locations that were once overlooked are now gaining traction.