Online loan marketplace LendingTree recently studied the diversity of available home prices in the country’s largest metros.
According to MarketWatch, LendingTree found that, unlike income, inequality in an area’s home prices can actually be good for buyers. When prices are spread across a broader spectrum, homebuyers have more options and flexibility.
Cities with “unequal” home prices included the Rust Belt cities of Detroit, Indianapolis, and St. Louis. More “equal” markets, where a lack of price diversity may shut out some buyer groups, included Salt Lake City, Portland, Ore., and Denver.
Advertisement
Related Stories
Labor + Trade Relations
Who's Earning What in Construction
Workers in construction management roles may earn a higher median wage, but on average, lower-paid occupations have experienced somewhat faster wage growth
Build to Rent
Build-to-Rent Is Booming, Particularly in These Metros
A recent report finds that the Phoenix metro leads with more than 4,000 build-to-rent units completed in 2023, and Texas is the leading state for build-to-rent development
Sustainability
Which Green Building Practices Are Home Builders Using Most?
A recent report reveals which green-building practices are most popular among single-family home builders and remodelers