Markets in the Northeast and Midwest once again dominated the list of hottest markets for the year.
In a ranking produced by the Wall Street Journal and Realtor.com, Rockford, Illinois took first place for 2024. The ranking considered affordability, cost of living, and the city’s overall attractiveness.
Rockford has homes under $250,000 within commuting distance of three major metros, giving residents access to big city amenities without the price tag.
Towns in Ohio, Michigan, Missouri, Indiana, Maine, Tennessee, and New Hampshire rounded out the top ten, all for their affordability. Despite their popularity pushing prices up, the average listing price among the top 20 markets was $60,000 lower than the national median last month.
The report also noted that the…
Good Morning! Today is Thursday, January 6. It’s the anniversary of the January 6 riot, and President Biden will speak today on steps to strengthen democracy in the US. A Philadelphia fire left at least thirteen dead and two hospitalized. The CDC recommended Pfizer boosters for children aged twelve and up. And in mortgage and housing news… Check Out The Photos!: These are the most expensive homes in 2022’s hottest housing markets. Second Home Demand Stays High: December demand for vacation homes topped pre-pandemic levels by 77% as affluent Americans continue to take advantage of remote work and low-interest rates. But it’s so hard to get into the game, some people are comparing it to finding their way into an…
December demand for vacation homes topped pre-pandemic levels by 77%, a little down from November’s 80% but still elevated, Redfin reported. “The wealthy are still flush with cash and have access to cheap debt, which is why second-home purchases remain far above pre-pandemic levels,” said Redfin Chief Economist Daryl Fairweather. “While interest in second homes is stabilizing after the big boom in the second half of 2020 and the beginning of 2021, I expect demand to remain high well into this year. Remote work isn’t going anywhere and mortgage rates are still quite low.” Redfin’s index defines “pre-pandemic” as January and February 2020, set to 100, and looks at mortgage-rate lock. Rate lock on second homes increased steadily between 2015…
