The U.S. real estate market has cooled significantly over the past eighteen months, primarily due to rising mortgage rates exceeding 6.5%. As a result, individuals with lower-rate mortgages are hesitant to sell their homes unless they achieve substantial appreciation compared to pre-pandemic prices. However, certain neighborhoods, particularly in New York City's Prospect Park/Clinton Hill, are thriving despite the overall market trends, showcasing the diversity of current real estate dynamics across the country, with the top ten hottest neighborhoods featuring a range of home prices from high-end to more affordable options.
America's real estate market has been "cool" over the past year and a half, driven by high mortgage rates causing reluctance to sell existing homes.
The hottest neighborhoods are in New York City, particularly Prospect Park/Clinton Hill, which has a median home price of $1,397,000, reflecting its unexpected popularity.
Collection
[
|
...
]