Hot Housing Markets Thaw at Different Paces Despite Falling Rates
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The hottest markets are located in Colorado, North Carolina, Florida, Texas, Tennessee, Oregon, Georgia, and Arizona. The top 3 are Denver, Raleigh, and Virginia Beach.
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Markets showing the most improvement are Cleveland, Virginia Beach, and Detroit, thanks to job growth and falling unemployment.
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The most resilient markets are Greeley, Miami, Oklahoma City, and San Jose. Greeley saw a boost in homebuilder confidence and inventory levels.
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Despite falling mortgage rates, the national market remains frozen due to low inventory levels. Markets will thaw at different paces as rates fall further.
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Rental growth is slowing in Denver due to more rental vacancies, though it remains a landlord's market. Official signs of financial distress remain low.