From the Editor's Desk

Mapped: The Growth in U.S. House Prices by State in 2024

Next in line are Northeastern states New York, New Jersey, and Delaware—each with double-digit growth. Pushing up prices are the influx of buyers moving to more affordable metros nearby major cities along with a lack of inventory. On a metropolitan level, many of the nation’s hottest housing markets are in these states, including Camden, New Jersey and Syracuse, New York.

While Florida and Texas saw home prices surge over the pandemic, their property markets are cooling amid robust inventory gains. Between 2019 and 2023, over 25% of the nation’s single-family building permits were found in the two states. As home building activity is accelerating, the number of active listings is increasing, most notably in San Antonio, Texas and Tampa Bay, Florida.

Continued here

TradeBriefs: Newsletters for Decision-Makers!