A forecast for 2023 by nardotrealtor anticipates that next year will be the “turning point” where more buyers return to the market as inflationary pressures cool.
Huntsville has been named one of the top 10 markets to watch in the coming year by the National Association of Realtors.A forecast for 2023 by the association anticipates that next year will be the “turning point” - where more buyers return to the market as inflationary pressures cool. However, the NAR says the nation’s housing inventory should remain tight.
The NAR’s top 10 is based on looking at markets with several factors at play, such as better affordability than the national average, more renters who can afford to buy, the percentage of information industry jobs, migration gains and workers who telecommute. At the top of the list was the Atlanta-Sandy Springs-Marietta, Ga., area, which is the only area among the top 10 where all of those factors are at play.
“The typical family earns 20% more than the qualifying income to purchase a mid-priced home. Growing job opportunities and low cost of living attract even more movers,” according to the NAR.Of the top 10 cities, Huntsville had the highest increase in change of active listings, from October 2020 to October 2021, with a whopping 191.4%.
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