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Small Cities Lead Housing Surge | Real Estate News
Home prices are surging nationwide, with 80% of metro areas seeing gains—smaller cities like Abilene, Texas, and Cumberland, Maryland, leading the charge. Despite higher mortgage rates squeezing affordability, home sales rose, fueled by strong job and income growth. The South saw the biggest sales jump, while the Northeast dipped. Incomes are rising faster than prices, offering some relief, but borrowing costs remain the biggest hurdle for buyers. It’s a booming market expanding beyond coastal hubs—but affordability is still a major concern for would-be homeowners. Listen in comfort:Get a…
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