Home price shifts across local housing markets, as told by 3 maps
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? When we make county-level home price maps at ResiClub , we usually shade each county by its result. That works, but it has a blind spot: It treats every county the same, no matter how many homes are in it. Out West, in particular, huge counties with very little housing end up…
Housing market shifts across the country are revealed through three distinct maps. One map compares current home prices to their 2022 peak, shading counties red if prices are below the peak and blue if they have surpassed it. Another map highlights counties with the largest cumulative and remaining gains since March 2020, with darker circles indicating larger increases.
The final map shows home price changes since the pandemic began, with mid-sized counties in the Sunbelt being particularly vulnerable due to rapid growth and supply adjustments. Midwestern markets, however, remained more stable, with home prices rising but not as dramatically as in Sunbelt markets. This led to a relative overvaluation in some Sunbelt regions, while certain Midwestern areas experienced mild upticks in overvaluation.
Written by urgent.news from Fast Company's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
