Tag

Out Of State Buyers

All articles tagged with #out of state buyers

us-and-canada1 day ago•12 min saved

The Yellowstone Effect: How a TV Show Reshaped Bozeman’s Boom and Housing Fight

Bozeman, Montana, has transformed from a quiet western town into a booming, expensive hub as pandemic-era migration and out-of-state money push up home prices and rents; locals struggle to afford housing while developers, private clubs, and tourism reshape downtown; a grassroots rent strike in mobile-home parks and a new generation of local leaders highlight a widening divide between residents and wealthier outsiders.

via BBC|

#bozeman #housing-affordability #out-of-state-buyers

real-estate2 years ago•1 min saved

The Surprising Homebuying Trends in Baldwin County and St. Louis

Baldwin County in Alabama is experiencing a surge in out-of-state buyers, particularly from states like California and Michigan, due to its prime location near the beach and lower cost of living. The increased demand has led to skyrocketing home prices, despite a cooling market. The home buying process has also shifted online, with 97% of homebuyers using the internet for their search.

via AL.com|

#alabama #baldwin-county #home-prices

real-estate2 years ago•1 min saved

Rising Home Prices and Out-of-State Buyers Impacting Housing Supply in RI, Long Island, and Greater Boston

The housing market in Rhode Island remains highly competitive and expensive, with the median sales price for single-family homes reaching $430,000, a 2.4% increase from last year. The number of homes sold has dropped by 20.1%. Out-of-state buyers, particularly from Massachusetts, Connecticut, and New York, have contributed to the depletion of Rhode Island's housing supply, making it difficult to meet the demand. Rising mortgage rates and limited inventory have also impacted affordability. However, economists predict a potential drop in mortgage rates next year, which could lead to increased refinancing opportunities.

via WPRI.com|

#home-prices #housing-market #inventory