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Realestatetrends

All articles tagged with #realestatetrends

real-estate-housing-market2 years ago

"Zillow Ranks Buffalo and Cincinnati Among 2024's Top U.S. Housing Hotspots"

Buffalo, New York, is projected to be the hottest major housing market in 2024, as reported by Zillow. Despite its cold climate, Buffalo's housing affordability and job growth are attracting young homebuyers, with a typical home valued at $248,445, well below the national average. The city's job creation rate outpaces new housing construction, suggesting potential price increases unless supply catches up. Buffalo's economic prospects are further bolstered by its designation as a federal "tech hub," promising significant federal investment in the region.

via New York Post |
##affordablehousing#buffalohousingmarket
real-estate-housing-market2 years ago

"2024's Top U.S. Housing Markets Revealed: Upstate NY and Ohio Trends"

Zillow has named Buffalo, New York, as the hottest housing market in the United States for 2024. Factors contributing to this prediction include a high demand for new houses, a low number of homes for sale, an increase in new jobs, steady home values, and a surge in newly-approved home construction projects. Buffalo's economic fundamentals and the pace of the housing inventory are key reasons for its top ranking, outpacing other cities in Ohio, Indiana, and Rhode Island. This announcement comes shortly after Buffalo was recognized as the best city in America by Clever Real Estate and the nicest city by Reader's Digest.

via newyorkupstate.com|
##buffalony#economicgrowth
real-estate-housing-market2 years ago

"Buffalo and Cincinnati Lead Zillow's 2024 Hottest U.S. Housing Markets"

Zillow's analysis predicts Buffalo, New York to be the hottest housing market in 2024, with a focus on affordability driving real estate in the Great Lakes, Midwest, and South regions. The ranking considers home value growth, job growth per new home permitted, and growth in owner-occupied households. Despite a shortage of homes for sale, there's optimism for market stability with signs of improvement such as falling mortgage rates and a slight increase in home sales. The top 10 cities include Buffalo, Cincinnati, Columbus, Indianapolis, Providence, Atlanta, Charlotte, Cleveland, Orlando, and Tampa, with Charlotte dropping from the top spot in the previous year to number seven.

via USA TODAY|
##affordablehousing#housingmarket
real-estate-housing-market2 years ago

"Great Lakes Cities Dominate Zillow's Hottest Housing Markets for 2024"

Tampa Bay has been ranked as the 10th hottest housing market for 2024 by Zillow, after not making the list in the previous year. Affordability has become a key factor in this year's rankings, with cheaper Midwest cities like Buffalo, Cincinnati, and Columbus leading the list. The shift in hot markets from southern to upper Midwest and Great Lakes regions reflects a change in home value appreciation, market duration, and job growth. Zillow's data shows a cautiously optimistic outlook for the housing market stabilization in 2024, with a forecast that only 15 of the 50 largest markets will see home value increases.

via Tampa Bay Times|
##affordability#housingmarket
real-estate2 years ago

"Great Lakes Cities Dominate Zillow's Top Housing Markets for 2024"

Zillow's report predicts Buffalo, New York, to be the hottest housing market in 2024, despite its snowy reputation. Factors contributing to this forecast include Buffalo's relatively low home prices, with a typical home valued at $248,445, strong job prospects, and a high number of jobs per new housing unit. The city's economic growth is further supported by federal funding to develop a semiconductor manufacturing hub and revitalization efforts like the "Buffalo Billion" initiative. Other notable cities on Zillow's list include Cincinnati, Columbus, and Indianapolis, chosen for their affordability and strong employment, which provide opportunities for young buyers.

via MarketWatch|
##buffalony#economicdevelopment
real-estate-housing-market2 years ago

"Homebuyers Rejoice as Monthly Payments Plunge, Reviving Housing Market Interest"

The U.S. housing market is showing signs of renewed buyer interest as the median monthly mortgage payment has dropped to $2,361, the lowest in nearly a year, due to a decrease in mortgage rates. Redfin's Demand Index indicates a 10% increase in early-stage homebuying demand, with the Homebuyer Demand Index reaching its highest point since August. Despite a year-over-year decline in pending sales, the market is seeing the smallest drop in two years, and new listings have increased by 10%. Mortgage rates have slightly risen since the end of December, but overall, the lower payments and increased inventory are bringing some buyers back into the market.

via Redfin News |
##homebuyers#housingmarket
real-estate-economy2 years ago

"Insights and Trends: Navigating the Ups and Downs of the Triangle's Housing Market"

The Triangle housing market is showing signs of recovery as mortgage rates fall back into the 6% range, sparking optimism among real estate professionals for a robust market in 2024. Increased open house attendance and a surge in mortgage applications indicate renewed buyer interest. Although the market may not reach the frenzy of early 2023, multiple offers and excitement are expected. The increase in available homes, from 2,300 last year to over 7,000, along with more affordable rates, is promising for both buyers and sellers, with home prices predicted to rise in the Raleigh-Cary and Durham-Chapel Hill areas.

via WRAL TechWire|
##homesales#marketoptimism