flexiblefullpage - default
Currently Reading

Top 10 Cities Closest to Recovery, Plus 10 That Are Struggling

Advertisement
billboard - default

Top 10 Cities Closest to Recovery, Plus 10 That Are Struggling


June 15, 2020
Denver colorado aerial
By Kevin Ruck

Even after the pandemic scraped most of the spring homebuying season, the housing market is now going strong, and some cities are really knocking it out of the park. Forbes reports that the housing markets in Denver and Las Vegas have bounced back the most according to Realtor.com data. Home prices are returning to their pre-pandemic levels as housing demand soars due to low interest rates and pent-up demand. But not all housing markets are faring as well as the top 10. Find out if your city is making a comeback or is still frozen by the economic downturn. 

If two months of rising mortgage applications weren’t indication enough, a new report is: the housing market is well on its way to recovering from the recent slump caused by the COVID-19 pandemic.

According to the Market Recovery Index from Realtor.com, both housing demand and home prices are above January’s pre-COVID levels, and housing supply and overall sales “are now following a recovery trajectory,” according to the report.

Nationally, demand for housing is above baseline levels, and recent data from the Mortgage Bankers Association proves as much. Last week, applications for purchase loans were up 13% over the year and 15% over the week. It was the eighth straight week that applications jumped.

Read More
 

Related Stories

Housing Markets

This City Dodged the 2008 Housing Market Crash, but It’s Bottoming Out in a 2023 Correction

The Lone Star State bypassed a 2008 home price crash, but it's now caught in the middle of a 2023 market correction

Market Data + Trends

Why a Growing Number of Americans Are Worried About a 2023 Housing Crash

A recent survey reveals mounting concerns about a 2023 housing crash, but housing industry experts aren't so worried

New-Construction Projects

Why New Rental Supply May Be Key to Lowering Mortgage Rates

Shelter inflation is taking the U.S. economy by storm. One way to lower housing costs is by building more apartments

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category



Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.