Residential Real Estate

May 2021 Existing-Home Sales Down for Fourth Straight Month as Home Prices Hit Historic High

Existing-home sales data show that housing market activity in May 2021 fell 0.9% from April 2021, but rose 44.6% year-over-year. www.nar.realtor – Research

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Wall Street is Loving Single Family Rentals

In 2010 it was viewed as a quick way to make a buck, but Wall Street’s investment in single-family rental housing soon became a distinct asset class and the pandemic has encouraged its expansion. While the inventory of available homes for sale has shrunk to historic lows, institutional investors are not only gobbling up existing […]

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Humanizing the Housing Message

Anne Segrest McCulloch, President and CEO, Housing Partnership Equity Trust, discusses the need for affordable housing and declining incomes. www.nar.realtor – Fair Housing

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The Housing Conundrum

I’ve seen several housing booms and busts in my life. The biggest boom was the housing bubble in the mid-’00s, and the worst bust followed the bubble. Booms and bust have always been frequent in real estate. My Spidey senses are tingling again, however it isn’t obvious why this time – or what the outcome […]

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Once-In-A-Generation Response Needed to Address Housing Supply Crisis

Response Needed to Address Housing Supply Crisis Decades of underinvestment and underbuilding have created a housing shortage requiring a concerted, long-term nationwide commitment to overcome. Media Contact:  Wesley Shaw 202-383-1193 Transportation and Infrastructure, Fair Housing

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Vacation Home Sales Surges During Pandemic

In 2020, vacation home sales rose by 16.4%, outpacing the 5.6% growth in total existing-home sales. www.nar.realtor – Research

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NAR Report Finds LGBTQ Buyers Purchasing Older, Smaller Homes Than Other Americans

LGBTQ Buyers Purchasing Older, Smaller Homes Homes bought by LGBTQ buyers were 170 square feet smaller and 15 years older, typically, than those purchased by non-LGBTQ buyers. Media Contact:  Spencer High 202-383-1051 Working With Buyers, Working With Sellers

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President’s FY 2022 Budget and Tax Proposals

The Biden Administration has released the FY 2022 Budget of the United States Government. Check out the budget items of note to the real estate industry. www.nar.realtor – Fair Housing

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Wall Street muted as eyes turn to next week’s Fed meeting

Wall Street stocks were mixed at the close of a languid week marked with few market-moving catalysts and lingering concerns over whether longer-term inflation could prompt the U.S. Federal Reserve to tighten its dovish policy sooner than expected….(read more) Forward this article via email:  Send a copy of this story to someone you know that may […]

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Cleveland Fed: Key Measures Show Inflation Increased in May

The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.3% May. The 16% trimmed-mean Consumer Price Index rose 0.4% in May. “The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal […]

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