FLORIDA A TOP 10 STATE FOR ‘STABLE HOUSING Search homes from Surf to Turf

FLORIDA: A TOP 10 STATE FOR ‘STABLE’ HOUSING

Joshua Zorn, P.A. Buying Homes, For Buyers Leave a Comment

Realtor.com’s high-level view of housing markets – foreclosures, underwater mortgages, rising prices, etc. – finds Fla. ranking third in overall stability.

FLORIDA: A TOP 10 STATE FOR ‘STABLE’ HOUSING

U.S. home prices continue to hover at historic highs with bidding wars in some areas, even as the inventory of listed homes starts to increase and housing markets across the country begin to show signs of stabilization.

A revised Realtor.com 2022 forecast expects U.S. sales to decline by 6.7% this year, versus 6.6% previously.

10 U.S. states with the most stable housing markets

  1. Utah
  2. Washington
  3. Florida
  4. Texas
  5. Idaho
  6. Tennessee
  7. Vermont
  8. Arizona
  9. South Carolina
  10. South Dakota

Florida, ranking third, shows home prices rising but construction also gaining. The state has 9.6 housing starts per 1,000 residents, while its foreclosure rate stands at 1 in 1,211 housing units. Its underwater mortgages constitute 1.4% of all mortgages, and housing prices are currently appreciating at a rate of 25.7%.

Source: Florida Realtors®

Leave a Reply

Your email address will not be published.