Two important renter and homeowner trend reports were released this month, beginning first with Zillow’s Consumer Housing Trends Report 2022. Here are the highlights for real estate investors: The median age of U.S. sellers is 46. The largest share of sellers live in the South (39%), followed by the Midwest (23%) and West (22%). The annual median …
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Home Sales Were Declining — Until They Weren’t. A Data Point Makes Some Analysts Wonder If Renters May Trade Cities for Affordable ‘Burbs.
Weeks of Added Home Sales, After a Plunge, Draws Multifamily Industry Attention After years of booming apartment demand in urban centers, early data has some analysts wondering if some renters may be having second thoughts about the value proposition of their small, pricey dwellings during a pandemic that’s made more roomy single-family homes more attractive. At the …
High Income Earners Love Rentals
There was an excellent report released last week from the Joint Center for Housing Studies of Harvard University, titled America’s Rental Housing 2020. With too many highlights to cover in one post, we’ve taken out the main takeaways so you can get back to your day: Despite slowing demand and the continued strength of new construction, rental …
US Government to Sell Up to $750 Million in Excess Property
The federal government may sell millions of square feet of underused but high-value properties in key markets across the country, from an entire city block in Silicon Valley to a former missile site in Maryland, for commercial redevelopment to cut more than $1.7 billion in annual taxpayer costs. The Public Buildings Reform Board, a federal …
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Mortgage Applications Soared This Week – Here’s Why
Diana Olick of CNBC reports this week on the strong start to 2020 for mortgages. Total application volume ballooned 30% last week from the week before, according to Mortgage Bankers Association data. The surge was led by refinancing, which jumped 43% from the prior week. This is not just the time of year, refinances were 109% higher from this time last year according to Olick, …
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