Most buyers markets are in the South, with a number of Florida cities topping the list
Nov. 20, 2024
littleny / stock.adobe.com
Miami is one of the top buyers markets.
Rising mortgage rates—now nearing 7%—along with the usual seasonal slowdown have reduced homebuyer competition across the housing market. However, with housing production picking up in some U.S. regions, there are some bright spots in the market for buyers, according to real estate marketing platform Zillow. Currently, the top buyer-friendly markets include New Orleans, San Antonio, Miami, and Jacksonville, Fla., among several others.
New construction is another piece of the puzzle here. Where builders have been better able to keep up with housing demand, balance is returning to markets sooner and affordability — down payment and rent affordability in particular—is improving.Read more
