The fall season is projected to offer little relief to homebuyers as temperatures cool, according to the latest Wall Street Journal (WSJ)/Realtor.com Emerging Housing Markets Index. The WSJ/Realtor.com The Emerging Housing Markets Index highlighted housing markets that offer home shoppers a lower cost of living, including for homes, and thriving local economies that are attractive but not too crowded. Despite climbing prices, 15 of the Fall Emerging Housing Markets were lower priced than the national median of $430,000 in September. Compared to pre-pandemic levels, the top emerging housing markets saw for-sale inventory fall an average 62%, exceeding the 47% national decline. The biggest climbers within the top 50 emerging housing markets include Jackson, MI, Trenton, NJ, and Monroe, MI, each of which has a population of less than 400,000 people.

Source: Wall Street Journal October 31, 2023 04:32 UTC