2023 Housing Market Predictions and Forecast

After being overwhelmed in the real estate craze of the current past, property owners, sellers, purchasers, and occupants might be underwhelmed in 2023. The downturn in house sales deals that started as home loan rates rose in 2022 is anticipated to continue, causing a small amounts in house rate development and tipping real estate market balance far from sellers. With home mortgage rates continuing to climb up as the Fed browses the economy to a soft-ish landinga small amounts in house rate development will not suffice for the real estate market to be a purchaser’s treasure trove. Rather, house buyers will delight in benefits such as a growing variety of houses for sale, however expenses will stay high, tough price at a time when general budget plans continue to be squeezed. If house consumers and sellers have impractical expectations, they might discover themselves in a stale-mate in the year ahead. The 2023 real estate market might end up being a “no one’s- market,” not friendly to purchasers nor to sellers. Customers who are prepared for the obstacle will require updated details on market conditions, imagination and versatility to change, and a healthy dosage of perseverance in order to produce success.

Realtor.com® 2023 Forecast for Key Housing Indicators

2023 Realtor.com ® Forecast
2022 Realtor.com ® Housing Data Expectations
2021 Historical Data
2013-2019 Historical Average
Home loan Rates7.4% (avg)

7.1% (year-end)

5.5% (avg); 7.5% (year-end)3.0% (avg)4.0% (avg)
Existing Home Median Price Appreciation (Y/Y)+5.4%+10.2%+17.0%+6.4%
Existing Home Sales (Y/Y|Yearly Total)-14.1%
4.53 million
5.28 million
6.12 million
5.27 million
Existing Home For-Sale Inventory (Y/Y)+22.8%+4.0%-19.4%-3.5%
Single-Family Home Housing Starts (Y/Y|Yearly)-5.4%
0.9 million
-9.6% Y/Y
1.0 million
1.1 million0.8 million
Homeownership Rate65.7%65.8%65.5%64.2%
Lease Growth+6.3%+7.7%+10.0% +5.0%

House Sales Retrench Further:

In 2013, the yearly tally for existing house sales lastly went beyond 5 million after 5 years listed below that limit following the relaxing of the real estate boom of the mid-2000s. By 2015, existing house sales amounted to 5.25 million and in the subsequent 4 years the yearly overall varied decently in between 5.25 and 5.51 million houses sales. In 2020, the preliminary time out in real estate market activity in action to the pandemic paved the way to an exceptionally active off-season, leading to a yearly tally of 5.64 million existing houses offered– above the pre-pandemic variety, however still well listed below the above 6.5 million speed seen in a few of the most crazy months.

With increased activity continuing into 2021 as home loan rates strike their all-time low at the start of the year, existing house sales registered their greatest level in the previous 15 years, amounting to 6.12 million. Expectations were high for house sales in the start of 2022 when the home loan rate stayed hardly above 3%, however as the year started, financiers expected that tighter financial policy would be pursued by the Federal Reserve and home loan rates started to climb up. The Fed Funds rate taken off of absolutely no in March and went up quicker than any tightening up cycle in the last 40 years to its existing 3.75% to 4.0% varietywith more walkings anticipated. At their peak in 2022, home mortgage rates were up by approximately the exact same quantity because the start of 2022and up more than 440 basis points considering that their all-time low in early 2021. While they’ve pulled away as markets cheered the just recently lower inflation checking outwe anticipate rates to climb up rather more prior to their supreme peak, provided just how much even more the Fed is most likely to precede ending the tightening up cycle. So far, Fed policy makers who have actually spoken have actually reinforced our conviction in this call.

With 2 months of information staying, we anticipate existing house sales to overall approximately 5.3 million in 2022, a 13.8% decrease from 2021. The deceleration in house sales is most likely to continue as high house costs and home mortgage rates restrict the swimming pool of qualified house purchasers. We expect that existing house sales will decrease another 14.1% in 2023, signing up a yearly overall of 4.5 million, their least expensive considering that 2012 (4.66 million).

Development Softens, however Prices Continue to Advance:

The significant concern on the minds of house owners and striving purchasers alike is what will occur to house rates. In the 2nd quarter, the worth of owner-occupied family property was a record-high $41.2 trillion or a typical $489,185 for each of the 84.2 million families who own their main houses. Put another method, every 1% modification in the rate of houses is a swing of more than $400 billion dollars. Record-high property wealth remains in big part due to the more than decade-long boost in the rate of houses which are anticipated to notch double-digit gains for a 2nd year in 2022. Skyrocketing rates were moved by all-time low home mortgage rates which are a distant memory. As an outcome, house rate development is anticipated to continue slowing, dipping listed below its pre-pandemic average to 5.4% for 2023, as a whole. As greater home mortgage rates cut into property buyer buying power, the month-to-month expense of funding the common for-sale house will balance more than $2,430 in 2023. This would be an almost 28% boost over the home mortgage payment in 2022, and approximately double the normal payment for purchasers in 2021.

For-Sale Inventory is Expected to Increase:

In October 2022, the overall stock of houses for sale increased by 0.5% compared to the previous year. Omitting listings that remained in different phases of the selling procedure however not yet offered (pending listings), nevertheless, the stock of active listings had actually grown by 33.5% compared to the previous year, as houses invested nearly one week longer on the marketplace than the exact same time in 2021. As home mortgage rates are anticipated to stay raised through to the end of 2022 and into 2023, we anticipate slower market conditions to continue and we anticipate stock levels to continue to grow slowly as the turnover of houses slows. Our projection anticipates overall stock to grow by 4.0% in 2022 in general, and by 22.8% in 2023. Offered the roller-coaster trip stock has actually been on recently, it’s crucial to keep historic context in mind. The level of stock in 2023 is anticipated to fall approximately 15% except the 2019 average. October 2022 was the very first time that stock climbed up back to its 2020 level for the very same season.

A wildcard for stock development is seller belief and activity. In fall 2022, seller belief decreased as cost development expectations reduced and skyrocketing home loan rates lowered choices for seller-buyers. Freshly noted houses were down 15.9% compared to the previous year at the end of October. If seller activity re-ignites as costs are anticipated to continue to grow (albeit at a much slower speed), stock might increase even more beyond existing expectations. In spite of short-run headwinds from below-average purchaser need, contractors have actually not equaled home development, which suggests that the marketplace started 2022 with a modified 5.5 million cumulative real estate system shortage, a price quote that broadened even more in 2022 to 5.8 million systems, as home builders drew back on buildingOne possible favorable for purchasers is that the slower anticipated speed of sales will imply that the real estate market does not need to be at 2019 supply levels to feel more well balanced. This must provide purchasers a bit more working out space, a phenomenon we saw beginning to play out currently in late summertime 2022 with sellers most likely to accept purchaser friendly concessions and cost listed below asking rate (31%).

Lease Growth is Expected to Continue:

After 13 months of double-digit boosts, year-over-year lease development slowed to a single-digit speed in the late summertime of 2022. The cooling off does not suggest the rental market will return to what was common prior to the pandemic within the brief term, particularly when taking the high inflation rate and the strong labor market into factor to consider. Given that the 2nd half of 2021, the nationwide quarterly rental job rate has actually been hovering near historic-low area, in which just 5.6% to 6.0% of rental real estate systems are uninhabited compared to over 6% traditionally. It is the very first time considering that 1985 that the rental job rate has actually supported at such a low level for 5 quarters in a row. rental job ticked as much as 6.0% in the most current informationU.S. tenants will continue to deal with difficulties from restricted supply and excess need in the coming year that will keep upward pressure on lease development. At a nationwide level, we anticipate lease development of 6.3% in the next 12 months, rather ahead of house rate development and historic lease patterns.

Particularly, rental need might be more powerful in city locations within huge citiesa departure from both current patterns and what is anticipated in the for-sale market. Unlike the current pattern of leasing in the residential areas to benefit from remote work to lower real estate expenses, the premium on metropolitan leasings has actually diminished adequately to draw individuals back to huge cities to enjoy their varied social and cultural offerings. In addition, increasing real estate expenses, coming from a twenty-year high home loan rate and slowing brand-new building and constructionmight keep numerous possible property buyers in the rental market longer and hence sustain the currently high rental need. amongst current tenants surveyed, just a 3rd (32.3%) suggested that they are thinking about purchasing a house within the next 12 monthsOne silver lining for tenants is that in spite of slowing single-family building and construction, home builders have normally increase the building and construction of multi-family systems that are usually rental houses. This is anticipated to slowly develop additional supply for occupants, assisting to ultimately put long-lasting low job rates in the rearview mirror.

Price Makes or Breaks Home Searching in 2023

Earnings, home mortgage rates, and house costs– the 3 significant parts that figure out whether real estate is budget friendly– might seem like the 3 fates for house consumers. The combined effect of this set of three on cost will make or break enthusiastic property buyer strategies in 2023. And while the example holds to a big level– purchasers mainly need to accept dominating incomes, home mortgage rates, and rates which might not suffice to determine up– effective consumers in 2023 will continue to take advantage of patterns that have actually emerged in 2022 that have actually made it possible for house consumers to reclaim some control over their fate. Here are a few of the methods this will impact house shopping and the property landscape.

  • The Search for Affordability Keeps Cross-Market Shopping Elevated
    As kept in mind above, we expect less house sales and less relocations in 2023. Sales will be down not just from 2021’s raised level, however likewise might be the most affordable in a years as still high house costs and home mortgage rates keep the expense of acquiring high. For families pursuing a house purchase in 2023, cost will surpass lots of other search requirements and is anticipated to continue to move consumers to look somewhere else to discover it. Currently in 2021, cross-market need, the expression we utilize to explain somebody who is looking for a house someplace aside from where they are presently, represented a bulk of U.S. metro-based page views. This was up from the near-steady pattern that dominated prior to the pandemic as work environment versatility skyrocketed. In 2022, although numerous employees are going back to workplaces, cross-market shopping has actually reached brand-new heights, representing almost 61% of page views in the 3rd quarter. Our 2nd quarter research study provides a revealing description for the pattern, specifically amongst buyers in the Northeast and West. More than 7 in 10 cross-market consumers from these areas were taking a look at houses in locations 10% or more less expensive than their existing place. Moving might not be a choice for all house buyers, however for those with the versatility, 2023 might be a time to check out.
  • Cross-Market Interest Benefits Affordable Areas Flattening Home Prices Nationwide
    Remote work and skyrocketing expenses are anticipated to keep the look for cost alive and well, moving house rate development in smaller sized, budget-friendly markets and tapping the brakes on house cost development in a few of the most pricey cities. This will lower the rate premium on houses in a few of the greatest expense locations and supercharge rates on houses in lower-cost markets, flattening the distinction in between them after a number of years of relocating the opposite instructions. This pattern will be specifically noticable if business broaden operations in smaller sized markets causing greater regional salaries that can support greater house costs.
  • Markets Tightest at Entry-Level, however Luxury Real Estate Weathers Higher Rates
    We typically speak about the real estate market as a single entity, however in truth, consumers are really competing with conditions that might vary from the nationwide patterns depending upon functions such as area or rate tier. Drilling into the information for houses at various rates reveals that while at the mean, the cost of noted homes goes beyond the cost of houses that buyers are seeing by a record-high dollar quantitythis isn’t special to 2022. Comparing the variety of views a noted house gets is one indication of just how much need surpasses supply, and by this procedure, 2022 has actually dragged 2020 and 2021 while faring much better than 2018 and 2019 throughout the majority of the house cost spectrum. What’s most intriguing is that no matter the year, the $20,000 rate band to see the best views per noted home relative to other cost tiers is simply listed below $200,000: $170,000 to $190,000, however for-sale houses in this cost classification are rarer than they utilized to be, consisting of simply over 2% of all noted houses in October 2022 compared to more than 4% in October 2019. On the other side, views per residential or commercial property to million dollar listings, priced at $1.1 million and greater, normally see lower engagement. In 2022 views per residential or commercial property in this top-tier rate variety were 90% of the total typical 2022, compared with 72-83% in 2019 to 2021. In 2018, when home mortgage rates likewise climbed up, buyer engagement with higher-priced listings was likewise raised (93% in 2018).
  • Check out all Options to Get the very best Rate & & Understand What it Means for You
    With home mortgage rates and house costs both high, checking out choices to discover the very best rate will be necessary for house buyers in 2023. Information reveal that with budget plans pressed to the limitations, an increasing variety of house buyers are wanting to adjustable rate home loans, which are still providing reasonably bigger in advance cost savings as an outcome of the space or spread in between a common 30-year set rate home loan (FRM) and the common 5/1 adjustable rate home mortgage (ARM). The spread surpassed 1 percent at the end of March for the very first time given that 2017, and it has balanced 1.15% ever sinceGetting an ARM rather of a FRM to fund 80% these days’s common house sale price conserves almost $225 monthly or almost $13,400 over the very first 5 years. Put another method, today’s ARM rates are approximately the equivalent of early September’s repaired rates and assist put a visible damage in the expense of purchasing a house. Check this out utilizing today’s rates and house costs in the Realtor.com home mortgage calculator
    Buyers ought to be sure to comprehend the terms prior to selecting one of these home mortgages. To decide, think about the advantages and disadvantages of an ARMLook not just at the preliminary month-to-month payment, however likewise evaluate the terms that discuss how your rate is capped and what the optimum regular monthly payment might be. You will not discover these terms in an online calculator due to the fact that they differ from loan to loan, however they are very important for thinking about how budget-friendly the payment will be for you over the life of your loan. Lenders are needed to reveal this details, and buyers considering handling an adjustable rate home loan ought to compare these quantities when shopping.

Secret Wildcards:

  • Geopolitics & & Global Trade The previous couple of years have actually provided numerous plain pointers of how unforeseen occasions can overthrow forecasts for what’s ahead. Russia’s intrusion of Ukraine has actually exposed fractures in the geopolitical system, and raised threats of extra instability. The war has actually triggered amazing suffering and death together with the damage of physical capital and restored interruption of international supply chains, adding to inflation in the near term through the expense of energy. In addition, the combined effect of pandemic and conflict-driven shut-downs might trigger companies to reassess the expenses and advantages of global supply networks.
  • Home mortgage Rates Home mortgage rates were a property buyer’s pal in 2020 and 2021, taking the sting out of increasing house costs by keeping month-to-month payments low. In 2022 house buyers experienced the reverse. Every boost in house costs was experienced more greatly as loaning expenses likewise climbed up. Looking ahead, our expectation is that home mortgage rates will continue to stay high in 2023 as financial development slows, however does not fail and inflation starts to decrease, however stays above target. In basic, customers have a comparable outlookand this elements into our projection for ongoing slowing down in house sales activity. Home loan rates are a significant element in the calculus of real estate price, and lower than anticipated rates are a favorable danger aspect.

Real estate Perspectives:

What will the marketplace resemble for property buyers, specifically newbie property buyers?

There will be some things for purchasers to anticipate in 2023. There will be more houses for sale, houses will likely take longer to offer, and purchasers will not deal with the severe competitors that was prevalent over the previous couple of years. Price difficulties avoid 2023 from being a significant purchaser’s market, specifically for newbie property buyers who currently dealt with substantial challenges. In the year ending in June 2022 first-timers comprised the tiniest share of property buyers on recordsimply 26% of all house sales, according to the National Association of Realtors®.The year ahead is not most likely to get any simpler for novice purchasers when increasing leas and continuous inflation are consuming into cost savings rates. Amongst current occupants surveyed who are not preparing to purchase a house within the next 12 months, almost half (44.4%) stated it was due to the fact that they did not have adequate cost savings for a deposit

Surprisingly, regardless of the marketplace headwinds, homeownership rates increased from one year ago in general and for all racial and ethnic groups. This follows our previous research study revealing that more youthful generations of Asian American blackand Hispanic property buyers have actually been more active in the real estate market in current durations, seeing higher development in house purchases than their equivalents.

How can property buyers prepare?

While it will not be simple, property buyers can deal with the 2023 real estate market by being prepared. Usage online calculators to find out just how much house you can manage. Search for experiences that perfectly incorporate price into the house search, like Realtor.com’s Buying Power Toolto keep your journey focused. While time on market is anticipated to slow amidst less house sales in the year ahead, well-priced houses in extremely preferable markets might still offer rapidly. This implies purchasers should not feel excessive pressure to move rapidly, however need to think about showing rush when a house that fulfills requirements and suits the spending plan strikes the marketplace.

What will the marketplace resemble for house sellers?

House sellers ought to understand that less purchasers are anticipated to be looking for a house in 2023, as high house rates and home mortgage rates trigger some prospective purchasers to postpone purchase strategies. As an outcome, sellers can anticipate more competitors from other for-sale listings, longer sale timelines, and more settlement with purchasers. Currently, October real estate information program that more than 1 in 5 house listings had a rate decrease in the month, almost double what was normal at this time of year in 2020 and 2021, and simply listed below what was common at this time in 2018, when home mortgage rates were then at the greatest level in 7 years.

How can sellers prepare?

While market conditions that are tipped rather less in favor of sellers might be triggering some doubt amongst owners pondering a sale–brand-new listings have actually been significantly lower than they were one year ago for the last 4 months— sellers can have success in this market as long as they approach with sensible expectations that are extremely various from what was the standard less than a year agoEven in August 2022, our information reveal that house sellers were making more buyer-friendly concessions than they had 6-12 months back. Examples consist of, accepting contingencies such as for appraisal, funding, and house examination, making repair work, spending for purchaser closing expenses, or being versatile on the timing of closing. Of note, current sellers regularly reported making repair work prior to listing and were likewise most likely to make or spend for repair work throughout the agreement duration. In other words, purchaser spending plans are extended to the max and sellers who comprehend this and assist purchasers get a move-in all set house will have an edge. Each realty market is distinct and some are hotter or cooler than the nationwide patterns. Look for Realtor.com’s hot market insights badge to recognize markets that are reasonably seller friendly, and deal with a property representative who can assist you put these patterns in context for your home.

What will the marketplace resemble for occupants?

Tenants will get to experience all of the benefits and drawbacks that feature the versatility of leasing. Job rates have actually started to enhance from veteran lows, which will assist lease development even more moderate. Leas are anticipated to set a brand-new high in 2023. For tenants prepared to think of whether it makes good sense to purchase, thinking about the real estate market and rental patterns over the next year is essential. The crucial concern that will point to the response that makes the many sense is how long you prepare to live in your next house. Sometimes, purchasing can be a smarter alternative after as couple of as 3 years, however normally, purchasing is a much better alternative after a longer, 5 to 7 year time horizon. The Realtor.com Lease vs. Buy Calculator can approximate the length of period required for purchasing to make more monetary sense than leasing and enables occupants to personalize for place and tax requirements.

Regional Market Predictions:

All realty is regional and while the nationwide patterns are instructional, what matters most is what’s anticipated in your regional market.

City2023 Sales Growth % y/y2023 Price Growth % y/y
Akron, Ohio-0.8%3.8%
Albany-Schenectady-Troy, N.Y.3.0%4.7%
Albuquerque, N.M.-3.0%5.3%
Allentown-Bethlehem-Easton, Pa.-N.J.1.9%4.7%
Atlanta-Sandy Springs-Roswell, Ga.-0.3%4.7%
Augusta-Richmond County, Ga.-S.C.6.2%5.7%
Austin-Round Rock, Texas-6.6%3.0%
Bakersfield, Calif.-7.5 %2.0%
Baltimore-Columbia-Towson, Md.4.9%5.5%
Baton Rouge, La.-5.1 %7.1%
Birmingham-Hoover, Ala.-0.4%7.3%
Boise City, Idaho-10.9%8.7%
Boston-Cambridge-Newton, Mass.-N.H.-0.6%9.5%
Bridgeport-Stamford-Norwalk, Conn.-6.5 %5.9%
Buffalo-Cheektowaga-Niagara Falls, N.Y.6.3%6.0%
Cape Coral-Fort Myers, Fla.-5.9 %0.1%
Charleston-North Charleston, S.C.-1.6%4.6%
Charlotte-Concord-Gastonia, N.C.-S.C.-0.3%5.5%
Chattanooga, Tenn.-Ga.2.9%8.2%
Chicago-Naperville-Elgin, Ill.-Ind.-Wis.-2.1 %3.1%
Cincinnati, Ohio-Ky. -Ind.3.0%6.1%
Cleveland-Elyria, Ohio2.7%4.3%
Colorado Springs, Colo.-3.5%7.0%
Columbia, S.C.7.7%3.6%
Columbus, Ohio4.6%5.0%
Dallas-Fort Worth-Arlington, Texas3.1%2.2%
Dayton-Kettering, Ohio2.8%5.6%
Deltona-Daytona Beach-Ormond Beach, Fla.-7.9 %4.8%
Denver-Aurora-Lakewood, Colo.-1.9 %4.2%
Des Moines-West Des Moines, Iowa4.1%6.3%
Detroit-Warren-Dearborn, Mich0.7%6.2%
Durham-Chapel Hill, N.C.0.7%5.9%
El Paso, Texas8.9%5.4%
Fresno, Calif.-13.7 %2.2%
Grand Rapids-Wyoming, Mich1.6%10.0%
Greensboro-High Point, N.C.2.2%6.2%
Greenville-Anderson-Mauldin, S.C.0.4%4.9%
Harrisburg-Carlisle, Pa.4.7%3.0%
Hartford-West Hartford-East Hartford, Conn.6.5 %8.5%
Houston-The Woodlands-Sugar Land, Texas2.9%4.5%
Indianapolis-Carmel-Anderson, Ind.-1.0%7.8 %
Jacksonville, Fla.-3.0 %4.6%
Kansas City, Mo.-Kan.1.9%7.2%
Knoxville, Tenn.-1.0 %7.1 %
Lakeland-Winter Haven, Fla.-5.0%1.6 %
Lansing-East Lansing, Mich3.1%4.4%
Las Vegas-Henderson-Paradise, Nev.-10.9 %2.3 %
Little Rock-North Little Rock-Conway, Ark.6.2 %4.6%
Los Angeles-Long Beach-Anaheim, Calif.-15.8 %3.2%
Louisville/Jefferson County, Ky.-Ind.5.2%8.4%
Madison, Wis.-5.0 %9.0 %
McAllen-Edinburg-Mission, Texas-0.5%4.8%
Memphis, Tenn.-Miss.-Ark.2.5%6.9 %
Miami-Fort Lauderdale-West Palm Beach, Fla.-2.0 %3.4%
Milwaukee-Waukesha-West Allis, Wis.0.4%7.7 %
Minneapolis-St. Paul-Bloomington, Minn.-Wis.-0.8%5.6%
Nashville-Davidson– Murfreesboro– Franklin, Tenn.-3.4 %5.0%
New Haven-Milford, Conn.0.0%3.5%
New Orleans-Metairie, La.-0.8 %6.3 %
New York-Newark-Jersey City, N.Y.-N.J.-Pa.1.8%5.0%
North Port-Sarasota-Bradenton, Fla.-28.7 %3.2 %
Ogden-Clearfield, Utah-11.0%6.4%
Oklahoma City, Okla.4.2%2.6%
Omaha-Council Bluffs, Neb.-Iowa4.7%4.8%
Orlando-Kissimmee-Sanford, Fla.-8.5 %2.9 %
Oxnard-Thousand Oaks-Ventura, Calif.-29.1 %1.7 %
Palm Bay-Melbourne-Titusville, Fla.-18.3%2.8%
Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.0.6%5.7 %
Phoenix-Mesa-Scottsdale, Ariz.-18.4 %2.6 %
Pittsburgh, Pa.4.2%5.4%
Portland-South Portland, Maine-4.6%10.3%
Portland-Vancouver-Hillsboro, Ore.-Wash.-10.7%3.9%
Providence-Warwick, R.I.-Mass.-7.0%9.8%
Raleigh, N.C.-7.3%5.4%
Richmond, Va.0.1 %4.8 %
Riverside-San Bernardino-Ontario, Calif.-7.2 %1.5 %
Rochester, N.Y.1.3%5.3%
Sacramento– Roseville– Arden-Arcade, Calif.-12.1 %3.7 %
Salt Lake City, Utah-7.6%5.8%
San Antonio-New Braunfels, Texas2.5%4.6%
San Diego-Carlsbad, Calif.-27.3 %3.6 %
San Francisco-Oakland-Hayward, Calif.-13.3 %3.3 %
San Jose-Sunnyvale-Santa Clara, Calif.-28.8 %2.7 %
Scranton– Wilkes-Barre– Hazleton, Pa.0.0 %5.8%
Seattle-Tacoma-Bellevue, Wash.-10.3 %6.8 %
Spokane-Spokane Valley, Wash.-6.1 %9.6 %
Springfield, Mass.0.7 %8.9 %
St. Louis, Mo.-Ill.-0.4%4.6%
Stockton-Lodi, Calif.-8.6 %6.4 %
Syracuse, N.Y.0.9%6.1%
Tampa-St. Petersburg-Clearwater, Fla.-15.6 %3.9%
Toledo, Ohio4.2 %6.7 %
Tucson, Ariz.-14.7 %4.5 %
Tulsa, Okla.1.8 %4.6 %
Urban Honolulu, Hawaii-6.6%1.9%
Virginia Beach-Norfolk-Newport News, Va.-N.C.3.9%5.1%
Washington-Arlington-Alexandria, DC-Va.-Md.-W. Va.-3.5 %5.0 %
Wichita, Kan.-4.3 %7.0 %
Winston-Salem, N.C.2.4%5.8%
Worcester, Mass.-Conn.2.5%10.6%

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