Story perspectives

East Coast Homes Surge as Sun Belt Cools

9/3/2025

Summary

Zillow Analyzes Housing

Zillow's analysis shows competitive East Coast housing markets, while Sun Belt markets are cooling; national inventory has increased by 20% year-over-year.
To afford a median home, Americans now require an annual income of $114,000, a 70.1% rise since 2019, due to high prices and interest rates.
Florida's metro areas, particularly Sarasota and North Port, show significant growth, while Shreveport, Louisiana, ranks poorly despite affordable mansions.

Summary

Fastmarkets Tracks Renovations

Fastmarkets launched the Repair & Remodeling Index (RRI) in early 2023 to track home renovation activity amid rising demand and inflation.
The RRI combines data from retail sales, labor hours, and Google Trends for improved accuracy.
Recent enhancements increased Google Trends search terms from 26 to 48, broadening the scope of DIY projects included in the index.

History

Historical Context

The 2008 financial crisis triggered a severe downturn in the U.S. housing market, with home values plummeting and foreclosures rising. By 2019, the median home price had rebounded, requiring an annual income of $67,000, reflecting a 70.1% increase to $114,000 today. This recovery contrasts sharply with cooling markets in the Sun Belt, highlighting ongoing shifts in consumer behavior and economic conditions.

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Zillow Analyzes Housing

Zillow's analysis shows competitive East Coast housing markets, while Sun Belt markets are cooling; national inventory has increased by 20% year-over-year.
To afford a median home, Americans now require an annual income of $114,000, a 70.1% rise since 2019, due to high prices and interest rates.
Florida's metro areas, particularly Sarasota and North Port, show significant growth, while Shreveport, Louisiana, ranks poorly despite affordable mansions.

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