It is noteworthy that, among the top ten metro areas with the most severe housing shortage, seven are located in California.
Manufactured homes have increasingly become safer, with customized designs that give them the look of site-built homes, while being highly affordable at half the cost of site-built homes.
Since U.S. workers are changing jobs more frequently than a couple of years ago, we take a closer look at the most popular moving destinations and the local housing market conditions in these areas.
Through the first half of 2018, existing-home sales are down just a tad, by 2.2%, while new home sales are up 7.4%. Home prices continue to move higher by 5%.
Foreign buyers 266,800 U.S. existing homes during April 2017‒March 2018. Florida was the top destination, accounting for 19 percent of foreign buyer purchases.
The median days on market have been broadly on a downtrend since May 2011 when properties were typically on the market for three months.
Chinese buyers remained as the top foreign buyer of U.S. residential property, according to NAR’s recently released 2018 Profile of International Activity in U.S. Residential Real Estate.
Foreign buyers purchased $121.0 billion of existing homes from April 2017—March 2018, a 21 percent decline from the past period’s level.
Housing affordability across the United States declined in June compared to a year earlier. The main reason for the decline is that housing inventory remains very low, causing affordability to weaken in most areas of the country.
Eighty-seven percent of survey respondents reported that home prices remained constant or rose in June 2018 compared to levels one year ago (89 percent in June 2017).
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