5 top cites with the best Housing Market Outlook – All Are in the South

Home Sellers have Held the Upper Hand in the United States for Several Years, the Tight Inventions and A Slowdown In Construction Led to Record High Prices. But that dynamic has begun to shift this year due to a Slowdown in Home Sales and an Increase in the Number of Units for Sale.

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“HomeBuyers in Nearly Every Region of the Country Are in a Better Position to Negotiate More Favorable Terms,” Lawrence Yun, Chief Economist at the National Association of RealorsSaid in A Recent Report on Slowing US Home Sales. This is specially True in the South, Which Dominates a list of cites with the best Housing Market Outlook as Ranked by Lendingree.

Here are the five us cities with the Best Housing Market OutlooksAccording to Lendingtree.

• Vacancy Rate: 12.59%

• Housing Unit Approvals per 1.000: 24.42

• Home Value-To-Income Ratio: 2.37

• Change in Ratio, 2022-23: 3.90%

• Vacancy Rate: 21.16%

• Housing Unit Approvals per 1.000: 39.78

• Home Value-To-Income Ratio: 4.45

• Change in Ratio, 2022-23: 1.51%

• Vacancy Rate: 10.13%

• Housing Unit Approvals per 1.000: 18.07

• Home Value-To-Income Ratio: 3.32

• Change in Ratio, 2022-23: 2.98%

• Vacancy Rate: 14.25%

• Housing Unit Approvals per 1.000: 10.72

• Home Value-To-Income Ratio: 3.37

• Change in Ratio, 2022-23: 2.49%

• Vacancy Rate: 15.90%

• Housing Unit Approvals per 1.000: 17.36

• Home Value-To-Income Ratio: 3.11

• Change in Ratio, 2022-23: 4.89%

Lendingtree Based on Four Key Metrics: Vacancy Rates, Housing Unit Approvals PER 1,000 Housing Units, Home Value-To-Income Ratio, and Annual Changes in Home Value-To-To-Income Ratio. From HomeBuyer’s Standpoint, High Vacancy Rates Indicates That There Are Plenty of Unocupied Homes in a Private City. This is usually a sign that there’s not much competition for homes, Which means you can Find Good Deals.

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Low Home Value-To-Income Ratio is another sign that you can find Affordable Homes. If the ratio is 2.5, it is examined, it means median home values ​​are only 2.5 teams more than the median incom. In a city with a median incomer of $ 60,000 and the ratio of 2.5, you should be able to find homes for lytle as $ 150,000. But if the ratio is 5.0, you’re Looking at Homes of $ 300,000 or Higher.

Nine of the 10 cities ranked by lendingtree as Having the Best Housing Market Outlook for Buyers are Located in the south. That includes each of the top five cities.