Despite Slowdown In Housing Market, These 10 Cities Have Seen The Biggest Price Growth From 2021 To 2022
Posted by Grossman & Jones Group on
Rising mortgage rates due to the rate hikes implemented by the Federal Reserve have put the squeeze on home affordability for many American homebuyers, not to mention raising fears of an impending recession. The housing market in the United States really took off in the pandemic’s second year (2021), with high demand and homes flying off the shelves, leading to diminishing inventories and surges in home prices. With the recent increases in mortgage rates, many housing markets have showed reduced activity. Still, there are many housing markets that have continued to thrive.
Using monthly housing data from Redfin, we analyzed the 200 largest cities in the U.S. by population and determined which housing markets have experienced the biggest growth in…537 Views, 0 Comments