source: The Wall Street Journal
Top Housing Markets This Fall Are Those With Affordable Homes
Home-buying demand remained robust in low-cost cities with strong local economies in the third quarter, helping lift Johnson City, Tenn., to the top of The Wall Street Journal/Realtor.com Emerging Housing Markets Index.
Rising mortgage rates have made most home purchases less affordable and pushed many buyers out of the market. Existing-home sales dropped for eight straight months through September. Homes are sitting on the market longer, and more sellers are cutting prices. [continue reading]
The WSJ/Realtor.com Emerging Housing Markets Index Fall 2022
Metro areas are ranked according to real-estate market data and economic health. Ranking is as of October 2022.
RANK CHANGE AREA, STATE
1 ▲ Johnson City, TN
2 ▲ Visalia‐Porterville, CA
3 ▼ Elkhart‐Goshen, IN
4 ▲ North Port‐Sarasota‐Bradenton, FL
5 ▼ Fort Wayne, IN
6 ▲ Lafayette‐West Lafayette, IN
7 ▲ Columbia, SC
8 ▲ Columbia, MO
9 ▼ Raleigh, NC
10 ▲ Yuma, AZ
(TOP 10 of 300 - see the full list)