Tech Hub Housing Markets Cooling Faster Amid Industry Turmoil
Housing markets in tech hubs and pandemic migration hotspots are cooling more rapidly than other parts of the U.S. as high mortgage rates, tech turmoil, and the lack of homes for sale deter buyers. Austin, Seattle, Phoenix, Tacoma, and Denver are among the metros with the fastest-slowing housing markets. Meanwhile, relatively affordable housing markets in Connecticut, upstate New York, and the Midwest are holding up best as the overall market falters. Hartford, Milwaukee, New Haven, Bridgeport, and Albany are among the metros with the least cooling housing markets.