The U.S. housing market is undergoing a significant transformation, with regional disparities that have left some areas thriving while others struggle. Mike Simonsen, founder of Altos Research, recently explored this fascinating trend in his latest analysis. His insights shed light on how a slowdown in migration is creating what can only be described as a divided housing market.
The once-strong migration flow from the northern states to the Sunbelt regions in the South has slowed considerably. This change is causing housing inventory to remain historically low in the North, while many southern markets, such as Austin and Tampa, are seeing inventory levels spike.
To dive deeper into this critical topic, watch Mike Simonsen’s video below:
How Migration is Shaping the Divided Housing Market
In the North, cities like Chicago and Boston are experiencing tight housing markets, with inventories shrinking by as much as 60% compared to previous years. This creates fierce competition among buyers and limited choices for those seeking a new home.
On the other hand, southern markets are feeling the effects of increased inventory. Cities like Phoenix and Tampa are becoming more buyer-friendly, with ample housing options creating less urgency and a slower pace of sales.
Mike Simonsen’s analysis highlights how these regional differences are creating unique opportunities and challenges for buyers and sellers alike. Whether you're navigating a low-inventory market in the North or a surplus market in the South, understanding these dynamics is essential.
See Real-Time Housing Data
Want to see exactly how your local market compares? With just one click, you can explore up-to-date market data for any city or zip code across the country.
CLICK HERE and enter any US City or Zip Code. You can also print a one page or multi-page report for any buyers or sellers you feel could benefit from the information. You can always access this reporting feature provided by Altos Research on the home page of our site by scrolling down toward the bottom.
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By combining Mike Simonsen's expert insights with Altos Research data, you'll have everything you need to navigate today's divided housing market.
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