10 Most Expensive Housing Markets in the US Nearly Unchanged in 3 Years
Despite pandemic migration patterns, the nation’s priciest housing markets are still now very similar to rankings recorded in the spring of 2020.
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Thom holds the position of professional, economist in the Office of the Chief Economist at CoreLogic. He is responsible for analyzing housing markets and home price trends. He has an extensive background in urban and real estate economics and applied econometrics.
Before joining CoreLogic, he held positions at the University of Virginia, Georgia Tech, and Harvard University. He earned his bachelor’s degree in economics, statistics and history at the University of Auckland, his master’s degree in economics from Tufts University and his doctorate in urban planning and development from the University of Southern California.
Despite pandemic migration patterns, the nation’s priciest housing markets are still now very similar to rankings recorded in the spring of 2020.
U.S. residential real estate is worth more than all publicly listed companies, according to CoreLogic data, with most of that wealth concentrated in detached, single-family homes.
Mega-investors, iBuyers and home flippers are leaving the housing market in droves, but investor home purchases from smaller investors remains strong.
After the real estate housing market recorded a record 18.25% appreciation in March 2022, annual new home price appreciation slowed to 4%.
Small investor activity has shown resilience, with mom-and-pop investors retaining market share even as prices increase.
The overall share of home investors held steady during the fourth quarter but remains significantly higher than it did before the pandemic. CoreLogic’s Office of The Chief Economist breaks down the numbers.