National News

NAR: U.S. housing market is short 5.5 million homes
NAR: U.S. housing market is short 5.5 million homes

The shortage of housing in America is more “dire” than previously expected, and the NAR’s new report puts pressure on lawmakers to provide additional public funding and policy incentives to fix this massive underbuilding gap.

70% of homebuyers still facing bidding wars
70% of homebuyers still facing bidding wars

Market competition has eased up recently, but seven in 10 buyers still face bidding wars, according to a new report from Redfin.

Asian-American homeownership grows but shows disparities between different ethnic groups
Asian-American homeownership grows but shows disparities between different ethnic groups

The number of Asian-headed households grew 83% in the past two decades, but economic inequality and inequity between different Asian ethnic regions is still an issue.

COVID savings fuels millennial down payments
COVID savings fuels millennial down payments

First-time homebuyers found their long-term plans changed due to COVID.

Rising home prices wipe out affordability gains brought on by low interest rates, higher income
Rising home prices wipe out affordability gains brought on by low interest rates, higher income

Higher income, backed up by lower mortgage rates, has expanded the reach of the average homebuyer, but an increased demand for homes has concurrently driven up prices, negating two of the three main factors in First American Financial Corp.’s Real House Price Index.  

NAR: Existing-home sales slide 2.7% in April on short supply
NAR: Existing-home sales slide 2.7% in April on short supply

Existing-home sales slid for the third month in a row in April, declining 2.7% from March to a seasonally adjusted annual rate of 5.85 million, according to the National Association of Realtors.

RE/MAX: Recordbreaking median home sales price climbs again in April
RE/MAX: Recordbreaking median home sales price climbs again in April

The limited inventory that has plagued the housing market continued, although at an abated pace.

Gen X and millennials want home gyms. Boomers? Not so much.
Gen X and millennials want home gyms. Boomers? Not so much.

Whether they’re still weary of going to a gym full of people or just looking to work off those extra pandemic pounds in privacy, homebuyers are increasingly prioritizing home exercise rooms.

It’s a seller’s market, Fannie Mae survey shows
It’s a seller’s market, Fannie Mae survey shows

Americans believe it’s a much better time to sell a home than to buy one, according to Fannie Mae’s latest survey of home purchase sentiment.

Miami makes list for best places to be a real estate agent
Miami makes list for best places to be a real estate agent

Where do you think Miami landed on this list of best places to be a real estate agent?

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