Two maps that show where the housing market is struggling
By: Jeff Andrews | Published: 2025-06-03 22:17:00 | Source: www.housingwire.com
In its midyear housing market report, John Burns Research & 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 — and much of the country is headed in the wrong direction.
“We go through this process every single month and we downgraded a number of markets this spring,” Chris Porter, JBREC’s senior vice president of research, said during a webinar on Tuesday. “That includes downgrading from very strong to strong or strong to normal.
“But more markets are being downgraded from normal to slow. That’s pretty unusual for this time of the year. This is the spring…