10 Cities Where New Construction is Booming

While the housing market continues to experience ups and downs, one challenge that has remained through all of the changes over the last couple of years is the issue of the lack of housing supply to meet the demand. In addition to the low inventory of resale homes, the demand for new-construction homes is also high, and it has been for decades. While the need for more new-construction homes continues to be an issue in many places across the U.S., there are ten cities where new-construction homes are booming. Do you think your city makes the list? Find out below!

(1) Myrtle Beach, South Carolina

• Single-family new-construction home permits in 2022 = 11,550
• Median single-family home list price = $410,000

(2) Ocala, Florida

• Single-family new-construction home permits in 2022 = 5,318
• Median single-family home list price = $309,950

(3) Salisbury, Maryland

• Single-family new-construction home permits in 2022 = 4,271
• Median single-family home list price = $508,495

(4) Fayetteville, Arkansas

• Single-family new-construction home permits in 2022 = 5,435
• Median single-family home list price = $406,400

(5) Austin, Texas

• Single-family new-construction home permits in 2022 = 20,289
• Median single-family home list price = $544,375

(6) Raleigh, North Carolina

• Single-family new-construction home permits in 2022 = 12,494
• Median single-family home list price = $459,702

(7) Boise, Idaho

• Single-family new-construction home permits in 2022 = 5,913
• Median single-family home list price = $573,125

(8) Provo, Utah

• Single-family new-construction home permits in 2022 = 5,136
• Median single-family home list price = $661,925

(9) Nashville, Tennessee

• Single-family new-construction home permits in 2022 = 15,189
• Median single-family home list price = $549,945

(10) Gulfport, Mississippi

• Single-family new-construction home permits in 2022 = 3,055
• Median single-family home list price = $298,750

Source:

Build It and They Will Come: 10 Surprising Cities Where New-Home Construction Is Booming

The 10 U.S. Cities Where Home Sales Have Declined Most

The landscape of the real estate market has gone through significant changes over the last year. Home prices are still considerably higher in many places compared to pre-pandemic prices. In addition, we saw a significant increase in interest rates in 2022. Throw in a lack of inventory in many places, job uncertainty for some, and we have seen a market slowdown across much of the U.S. If you’re wondering where the home sales have slowed most, read on for the top 10 cities. The data is from November 2021 – November 2022.

Top 10 U.S. Cities Where Home Sales Have Declined the Most

1. Tucson, Arizona: Year-over-year change is -64.9%
2. Las Vegas, Nevada: Year-over-year change -60.2%
3. Charleston, South Carolina: Year-over-year change -58.2%
4. Ventura, California: Year-over-year change -53.1%
5. Salt Lake City, Utah: Year-over-year change – 53%
6. Jacksonville, Florida: Year-over-year change -52.2%
7. Colorado Springs, Colorado: Year-over-year change -48.3%
8. Atlanta, Georgia: Year-over-year change -47.5%
9. Raleigh, North Carolina: Year-over-year change -47%
10. Washington, DC: Year-over-year change -45.8%

Source:

The Great Slowdown: The 10 U.S. Cities Where Home Sales Are Down the Most

10 of the Most Beautiful Lake Towns in the U.S.

It is never too early to start planning your next vacation! One of the best parts about lake vacations is the number of activities and the fact that they can be enjoyed year-round. It is no surprise to Austin-area locals like me that Lake Travis made the list! If you don’t already have your favorite go-to spot, or are looking to check out some place new, check out these ten beautiful lake towns across the United States!

1. Wolfeboro, New Hampshire: Wolfeboro is located on the shores of New Hampshire’s largest lake – Lake Winnipesaukee. Slow down and take in the towering mountains and lush forest areas. There are also a variety of outdoor adventures, from skiing to hiking, boating, fishing, and hiking. Downtown Wolfeboro is a quintessential small New England town and offers shopping, restaurants, accommodations, and more.
2. Copper Harbor, Michigan: Copper Harbor has plenty to offer year-round, including world-class restaurants, comfortable accommodations, fishing, canoeing, hiking and camping at Fort Wilkins Historic State Park.
3. Hammondsport, New York: Hammondsport’s appeal cannot be understated. Besides enjoying adventures including jet skiing, kayaking, and fishing on Keuka lake, visitors can partake in some of the finest wine in the country, savor delicious food, or visit one of the nearby wineries or breweries.
4. Grand Lake, Colorado: Grand Lake offers its visitors both Grand Lake and the Rocky Mountains and is well-equipped with plenty of accommodations, shops, and restaurants. If you’re looking to do more than take in the stunning view, you can choose from a variety of activities including hiking, biking, skiing, fishing, and kayaking.
5. Mammoth Lakes, California: You can visit Mammoth Lakes any time of year and have a great time. Upon arriving at Mammoth Lakes, you will be greeted by towering mountains, picturesque lakes, hot springs, trails for hiking, and so much more. Mammoth Lakes is also a well-known ski destination and it has plenty of accommodations, restaurants, and shopping to enjoy.
6. Laconia, New Hampshire: Laconia is located between Lake Winnipesaukee and Winnisquam Lake and is surrounded by dense forest areas and mountains. Besides taking in the beauty, you can enjoy activities including hiking, boating, shopping, and visiting local historic sites.
7. Sandpoint, Idaho: Are you ready for mountain views and outdoor activities? Take in the beautiful scenery and enjoy trails for hiking or biking and kayaking on the lake. Sandpoint offers ample accommodations, shops, restaurants, art galleries, multiple beaches, and skiing and snowshoeing in the winter.
8. Lakeway, Texas: Located next to Lake Travis, Lakeway has become a highly sought after area and Lake Travis has become a highly desirable place to visit. Lakeway offers gorgeous natural scenery, and is close to plenty of things to do when you’re not on the lake, including being close to downtown Austin. Lakeway is ripe with luxury resorts, restaurants, shopping, and so much more.
9. Lake Placid, New York: Located in the stunning Adirondacks, Lake Placid is poised to offer year-round activities. Enjoy kayaking or taking a hike on the surrounding mountains in the summertime, and ice skating, skiing, or snowshoeing during the winter. Lake Placid’s shops, lakeside restaurants, and hotels with views can be enjoyed all year long.
10. Big Bear Lake, California: Not only is Big Bear Lake positioned on the shores of a beautiful lake, but it is also located in the San Bernadino Mountains. Big Bear Lake visitors can enjoy a wide range of activities, including hiking, biking, fishing, kayaking, world-class resorts, restaurants, and museums. There are also ski areas if you plan to visit in the winter.

Source:

https://www.thetravel.com/beautiful-us-lake-towns/

U.S. Cities Whose Home Prices Rose or Fell the Most in 2022

2022 was an absolute rollercoaster for the real estate market. The extremes your area experienced may have varied, but some cities across the U.S. saw unprecedented pricing increases, and all of the fluctuations may have been a real challenge if you were or are in the market to buy or sell a home. Many markets are now cooling and or stabilizing, but we highly recommend always talking with a local REALTOR® who knows the local market best for insight on where you live.

To see where home prices rose and fell the most, Realtor.com used the following formula, “To determine our rankings, we looked at the year-over-year change in the median price per square foot for the 100 largest metro areas in the country on Realtor.com, from mid-December 2021 to mid-December 2022. Then we pulled out the five markets with the biggest year-over-year increase and the five markets with the biggest decrease. We limited our rankings to only the single largest increase and decrease per state, in order to ensure geographic diversity. (Metros include the main city and surrounding suburbs, towns, and smaller urban areas.)” Keep reading below to see the rankings!

Biggest Price Increases of 2022

Omaha, Nebraska

*Year-over-year change in price per square foot: +21.6%
*Mid-December 2022 median listing price per square foot: $181
*Mid-December 2022 median listing price: $342,500

Jackson, Mississippi

*Year-over-year change in price per square foot: +21.6%
*Mid-December 2022 median listing price per square foot: $144
*Mid-December 2022 median listing price: $316,000

Wichita, Kansas

*Year-over-year change in price per square foot: +21.5%
*Mid-December 2022 median listing price per square foot: $135
*Mid-December 2022 median listing price: $289,900

Milwaukee, Wisconsin

*Year-over-year change in price per square foot: +20.9%
*Mid-December 2022 median listing price per square foot: $204
*Mid-December 2022 median listing price: $374,900

Little Rock, Arkansas

*Year-over-year change in price per square foot: +20.1%
*Mid-December 2022 median listing price per square foot: $142
*Mid-December 2022 median listing price: $299,900

Biggest Price Decreases of 2022

Boise City, Idaho

*Year-over-year change in price per square foot: -5.8%
*Mid-December 2022 median listing price per square foot: $263
*Mid-December 2022 median listing price: $509,900

Denver, Colorado

*Year-over-year change in price per square foot: -5.7%
*Mid-December 2022 median listing price per square foot: $280
*Mid-December 2022 median listing price: $599,990

Sacramento, California

*Year-over-year change in price per square foot: -3.1%
*Mid-December 2022 median listing price per square foot: $328
*Mid-December 2022 median listing price: $591,500

New Orleans, Louisiana

*Year-over-year change in price per square foot: -2.7%
*Mid-December 2022 median listing price per square foot: $179
*Mid-December 2022 median listing price: $325,000

Chicago, Illinois

*Year-over-year change in price per square foot: -1.6%
*Mid-December 2022 median listing price per square foot: $188
*Mid-December 2022 median listing price: $320,000

Source:

Here Are the U.S. Cities Where Home Prices Rose—and Fell—the Most in 2022

The Best 9 Places to Buy a Mountain Vacation Home in the U.S.

With winter in full swing, a vacation to the mountains may be something you are planning. Have you ever thought about making a mountain vacation a more frequent part of your schedule? Depending on your situation, your own mountain vacation home may be a great option! Let’s take a look at the nine best places in the U.S. for mountain vacation homes. Hint: they may not be the popular places you’ve heard of or been to before!

1. Suncadia, Washington: Located around 2 hours from Seattle, Suncadia offers year-round luxury amenities including skiing and other winter activities, golf courses, a winery, pools, parks and playground, hiking/biking/walking trails, events, and so much more.
2. Snowmass Village, Colorado: Snowmass Village is located only 8 miles from Aspen, but it is a more affordable and family-friendly option.
3. Asheville, North Carolina: Asheville is home to the Blue Ridge Mountains and the Biltmore Estate, once the home of the Vanderbilt Family. Enjoy hiking, skiing, fly fishing, and mountain biking. Downtown Asheville has many outstanding restaurants and breweries along with a vibrant cultural and entertainment scene.
4. Lenox and Great Barrington, Berkshires, Massachusetts: The Berkshires provide outstanding activities year-round including skiing, horseback riding, water sports, and hiking.
5. Bretton Woods, New Hampshire: Nestled in the White Mountains, Bretton Woods offers New Hampshire’s largest ski area and winter sports. There is also a golf course to enjoy in the warmer months.
6. New River Valley, Virginia: New River Valley has both the Blue Ridge mountains and the Appalachian mountains. The area expands over four counties, so there are countless activities available and things to do.
7. Blue Ridge, Georgia: Escape to the Appalachian mountains in Blue Ridge, Georgia which are also the gateway to the Appalachian Trail. The town also backs up to National Forests, and is home to Lake Blue Ridge.
8. Healdsburg and Cloverdale, California: Located in the Sonoma Mountain region, this area is home to a world-famous wine region and food scene – part of Sonoma wine country.
9. Flagstaff, Arizona: Nestled in the middle of San Francisco Peaks and Humphreys Peak, which rises to 12,633 feet, Flagstaff offers a plethora of recreational and cultural opportunities. It is also surrounded by the Coconino National Forest, and is located close to many other Arizona attractions including Sedona and Grand Canyon National Park.

Source:

https://www.travelandleisure.com/travel-tips/best-places-to-buy-a-mountain-vacation-home-in-the-us