US housing market shifts dramatically, creating buyer opportunities in 100 metros
Updated
Updated · Bankrate.com · Apr 29
US housing market shifts dramatically, creating buyer opportunities in 100 metros
13 articles · Updated · Bankrate.com · Apr 29
Bankrate says buyers gained the most leverage since 2022 in Colorado Springs, Raleigh and Austin, but the least in Chicago, Milwaukee and New York.
In Colorado Springs, supply quadrupled, average selling time rose to 54 days, and 25% of listings cut prices, reflecting cooling in former pandemic boom markets across Texas and Florida.
The divide stems from Covid-era migration, lower rates and later homebuilding; Sun Belt sellers now face longer waits and concessions, while many Northeastern and Midwestern markets remain comparatively resilient for sellers.
As Sun Belt home prices fall, are stable Midwestern cities becoming America's new real estate safe havens?
With pandemic migration slowing, which boomtowns now face the biggest risk from their massive housing oversupply?