Tag

Real Estate Boom

All articles tagged with #real estate boom

real-estate1 year ago

"Affordable Housing Crisis in Colorado's Exclusive Cowboy Ski Town"

Steamboat Springs, a remote Colorado community known for training Olympic athletes, is facing a housing crisis as high earners struggle to afford homes due to a pandemic-fueled real estate boom. The city is divided over a proposed housing development aimed at providing more affordable housing, with residents concerned about its impact on traffic and local infrastructure. The skyrocketing home prices have left even high-income professionals unable to find housing, leading to unfilled job positions and a struggle to retain staff in the small, rural community.

real-estate2 years ago

2024 Housing Market Predictions: Cities Where Prices Will Rise and Fall

CoreLogic's U.S. Home Price Insights report for 2024 identifies several American cities, including Cape Coral-Fort Myers, Florida, as having a high risk of home price declines in the coming year. Other areas at risk include Youngstown-Warren-Boardman (Ohio and Pennsylvania), Atlanta-Sandy Springs-Roswell (Georgia), West Palm Beach-Boca Raton-Delray Beach, and Deltona-Daytona-Beach-Ormond Beach (Florida). While CoreLogic does not project actual price declines, their assessment serves as a barometer for potential market adjustments. A separate report by Realtor.com also predicts home price declines in 20 U.S. cities, with Austin, Texas, expected to see the largest dip of 12.2 percent in 2024. Factors contributing to the expected downturn include higher mortgage rates, evolving economic conditions, and shifting buyer behavior.

real-estate2 years ago

"Fastest Growing Home Prices in Metro Areas Across the US"

Stacker compiled a list of 30 cities in the Portland-Vancouver metro area with the fastest-growing home prices using data from Zillow. While some areas have seen declining prices due to increasing mortgage rates, others are still experiencing price jumps compared to the previous year. The pandemic has caused high demand for vacation homes and a limited supply of housing, prompting buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket.

real-estate2 years ago

Fastest Growing Home Prices in Metro Areas Across the US

The coronavirus pandemic has caused a wave of uncertainty across various industries, but the real estate market has continued to boom due to high demand for vacation homes and limited housing supply. Stacker compiled a list of 30 cities in the Tampa-St. Petersburg-Clearwater, FL metro area with the fastest-growing home prices, ranked by 1-year price change as of April 2023 using data from Zillow. The top five cities with the highest 1-year price change are Tierra Verde, Kenneth City, Belleair, Indian Rocks Beach, and Belleair Bluffs.