{"id":271421,"date":"2025-06-03T22:29:53","date_gmt":"2025-06-03T22:29:53","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/two-maps-that-show-where-the-housing-market-is-struggling\/"},"modified":"2025-06-03T22:29:53","modified_gmt":"2025-06-03T22:29:53","slug":"two-maps-that-show-where-the-housing-market-is-struggling","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=271421","title":{"rendered":"Two maps that show where the housing market is struggling"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"membership-content\">\n<p>In its midyear housing market report, <a href=\"https:\/\/www.housingwire.com\/tag\/john-burns-real-estate-consulting\/\"><strong>John Burns Research &amp; Consulting<\/strong><\/a> (JBREC) provided updated grades on market conditions for both the resale and new-home markets. Overall, sentiment among <a href=\"https:\/\/www.housingwire.com\/tag\/real-estate-agents\/\">agents<\/a> and homebuilders is souring.<\/p>\n<p>In the new-home market, JBREC grades cities on a scale of very slow to very strong \u2014 and much of the country is headed in the wrong direction.<\/p>\n<div class=\"flourish-embed flourish-map\" data-src=\"https:\/\/www.housingwire.com\/articles\/housing-market-struggles-john-burns-texas-florida-california\/visualisation\/23574605?2106270\"><img decoding=\"async\" src=\"https:\/\/public.flourish.studio\/visualisation\/23574605\/thumbnail\" width=\"100%\" alt=\"map visualization\"\/><\/div>\n<p>\u201cWe go through this process every single month and we downgraded a number of markets this spring,\u201d Chris Porter, JBREC\u2019s senior vice president of research, said during a webinar on Tuesday. \u201cThat includes downgrading from very strong to strong or strong to normal. <\/p>\n<p>\u201cBut more markets are being downgraded from normal to slow. That\u2019s pretty unusual for this time of the year. This is the spring selling season. We usually are upgrading some markets.\u201d<\/p>\n<p>Builders in <a href=\"https:\/\/www.housingwire.com\/articles\/housing-inventory-per-capita-metro-markets-texas-florida\/\">Texas<\/a> and <a href=\"https:\/\/www.housingwire.com\/articles\/where-the-florida-housing-market-stands-miami-orlando-tampa-jacksonville\/\">Florida<\/a> have gotten accustomed to good conditions, but that\u2019s changed dramatically in the past year. All of the cities in these two states that JBREC disclosed a grade for are now designated as \u201cslow.\u201d<\/p>\n<p>A survey conducted by the company reveals one of the culprits. Among homeowners who are looking to sell, 30% in Texas said it was because of <a href=\"https:\/\/www.housingwire.com\/articles\/john-burns-property-taxes-retirees-migration\/\">rising property taxes<\/a> and <a href=\"https:\/\/www.housingwire.com\/articles\/homeowners-face-soaring-insurance-rates-amid-climate-disasters-tariffs\/\">homeowners insurance expenses<\/a>, while 26% in northern Florida said the same. The national average was 23%.<\/p>\n<p>Colorado, North Carolina and Nashville \u2014 other areas that have been good for builders in recent years \u2014 are also graded as \u201cslow.\u201d<\/p>\n<div class=\"flourish-embed flourish-map\" data-src=\"https:\/\/www.housingwire.com\/articles\/housing-market-struggles-john-burns-texas-florida-california\/visualisation\/23567156?2106270\"><img decoding=\"async\" src=\"https:\/\/public.flourish.studio\/visualisation\/23567156\/thumbnail\" width=\"100%\" alt=\"map visualization\"\/><\/div>\n<p>Bright spots for builders include Chicago and Indianapolis, which are graded as \u201cstrong.\u201d Other than Oakland, all of <a href=\"https:\/\/www.housingwire.com\/tag\/california\/\">California<\/a> is either \u201cstrong\u201d or \u201cnormal,\u201d with San Diego and Orange County falling into the first category.<\/p>\n<p>JBREC, which typically serves homebuilders and investors, also assessed the resale market by conducting a poll of real estate agents for how they view market conditions. The results don\u2019t look any better.<\/p>\n<p>While Northeast and Midwest markets are graded as \u201cnormal,\u201d four markets in Florida and Texas are graded as \u201cvery slow\u201d \u2014 Fort Lauderdale, Sarasota, Tampa and Austin. The rest are graded as \u201cslow.\u201d<\/p>\n<p>California and the Southwest are also struggling. Across California, Nevada and Arizona, only San Jose, Sacramento and Las Vegas received a \u201cnormal\u201d designation. The rest are \u201cslow.\u201d<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>In its midyear housing market report, John Burns Research &amp; Consulting (JBREC) provided updated grades on market conditions for both the resale and new-home markets. Overall, sentiment among agents and homebuilders is souring. In the new-home market, JBREC grades cities on a scale of very slow to very strong \u2014 and much of the country [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":271422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[97036,97034,97037,97035,97038,97039,97040,97041],"tags":[531,11486,13350,97042,86358,97043,17349,11209,2443,11430,12700],"dealstore":[],"offerexpiration":[],"class_list":["post-271421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-california","category-data-visuals","category-florida","category-housing-market","category-housing-market-data","category-hwmember","category-john-burns-real-estate-consulting","category-texas","tag-california","tag-florida","tag-housing","tag-housing-market-data","tag-hwmember","tag-john-burns-real-estate-consulting","tag-maps","tag-market","tag-show","tag-struggling","tag-texas"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Two maps that show where the housing market is struggling - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=271421\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Two maps that show where the housing market is struggling - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"In its midyear housing market report, John Burns Research &amp; Consulting (JBREC) provided updated grades on market conditions for both the resale and new-home markets. Overall, sentiment among agents and homebuilders is souring. 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