Low inventory and rising interest rates have reduced prospective homebuyer purchasing power. 

The annual report uses 13 data sources and reader feedback to measure states on cost of living, quality of life, health care and other categories.

Rising interest rates and home prices have taken a toll on would-be homebuyers’ purchasing power, leading to increased inventory and another monthly slowdown in sales. 

Single-family home starts declined compared to February, while new apartment construction was up, according to government statistics.

Builder sentiment has taken a hit from an unexpectedly sharp increase in mortgage rates and continued disruptions in the supply chain, according to the National Association of Home Builders’ monthly survey. 

While homes are selling fast year-round, homes listed in the spring bring in the highest sale prices, according to the report

Investor activity showed early signs of slowing during Q4 of 2021, down from the historic highs seen in the second and third quarter, CoreLogic’s latest analysis reveals.

Report finds buyers are backing off from buying second homes, but what’s causing the turnaround?

Surging mortgage prices deterring more buyers

Our expectations and desires have shifted, with renters searching for more space. And, according to a new study from RentCafe, Miami is on the pricier side.