The top 10 states people are flocking to

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Two people fly fishing in a creek.
Silver Creek, Idaho.

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Homebuyer demand has crashed to its lowest level in almost a year as mortgage applications hover near a 3-decade low

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Rows of suburban homes in Ocala, Florida
Ocala, Florida

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This chart shows how housing affordability has plunged across the US

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Home affordability has plunged in the US
Home affordability has plunged in the US since 2019

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Home foreclosures are at their highest level since the start of the pandemic as the 'financial aftermath' take a toll on buyers

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A home foreclosure sign.
A home foreclosure sign.

Reuters

5 Southern cities where houses are shrinking

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homes of varying sizes
Homes for sale have been shrinking in size since the pandemic.

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Home prices have soared so much that 98 out of 100 biggest US cities are overvalued relative to historical levels

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A row of homes under construction

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The US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable, industry exec says

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homeowner porch housing

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4 cities in the South where home prices are falling

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San Antonio river walk
The San Antonio river walk.

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Here's how one top Fed official is thinking about the increasingly unaffordable US housing market

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Tom Barkin
Tom Barkin

Federal Reserve Bank of Richmond

Home prices in Lakeland, Florida, are falling faster than the rest of the US — see what you can get for under $340,000

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3820 Village Circle in Lakeland, Florida
3820 Village Circle, a home listed for $300,000 in Lakeland, Florida.

Courtesy of Dina Pizzuto/Mark Spain Real Estate

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