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  • Gentrification comes from lack of housing supply, Urban Institute says Jul. 08th 2020
    Higher housing costs as a result of the shortage inventory leads affluent buyers to seek out low- or moderate-income neighborhoods, creating gentrification. The post Gentrification comes from lack of housing supply, Urban Institute says appeared first on HousingWire.

  • More proof that rent is getting cheaper across the U.S. Jul. 07th 2020
    Nationally, asking rents fell 0.4% in April and May, following nearly a decade of solid growth, a new report from Yardi Matrix revealed. The post More proof that rent is getting cheaper across the U.S. appeared first on HousingWire.

  • Luxury home prices continue to drop, but Redfin economist thinks this could be the bottom Jul. 07th 2020
    In the 12 weeks ending June 14, the median sale price for luxury homes fell to $1,099,521, one of the biggest declines in luxury home prices since 2015. The post Luxury home prices continue to drop, but Redfin economist thinks this could be the bottom appeared first on HousingWire.

  • Is now a good time to buy a home? Over 60% of surveyed Americans say yes Jul. 07th 2020
    Fannie Mae’s Home Purchase Sentiment Index increased nine points in June to 76.5, marking the second rise in HPSI since April’s almost record low. The post Is now a good time to buy a home? Over 60% of surveyed Americans say yes appeared first on HousingWire.

  • Home prices in Florida and Arizona expected to drop due to COVID-19 “perfect storm” Jul. 07th 2020
    Despite home prices increasing 4.8% year over year in May, a report by CoreLogic predicts those prices to stall in the summer. The post Home prices in Florida and Arizona expected to drop due to COVID-19 “perfect storm” appeared first on HousingWire.

  • The rate of Black homeownership varies significantly by metro area Jul. 02nd 2020
    The metro where Black homeownership is the highest is in Washington, D.C., where 51% of Black families own their homes. The post The rate of Black homeownership varies significantly by metro area appeared first on HousingWire.

  • New free platform looks to connect homebuyers and sellers before houses are listed Jul. 01st 2020
    With mortgage rates hitting historic lows, many consumers are eager to shop for houses. However, they face the challenge of low inventory and sellers who may be hesitant to put their homes on the market in the midst of the COVID-19 pandemic. The post New free platform looks to connect homebuyers and sellers before houses are listed appeared first on HousingWire.

  • Housing market recovery: things are looking up Jul. 01st 2020
    The housing market continues to show positive signs of recovery, according to realtor.com’s Housing Market Recovery Index, yet COVID-19 is still a concern. The post Housing market recovery: things are looking up appeared first on HousingWire.

  • Should we ditch open houses? Jun. 30th 2020
    As states have gradually re-opened, more real estate agents are once again able to conduct in-person home tours. The question is, do they even want to? The post Should we ditch open houses? appeared first on HousingWire.

  • AARP and Realogy launch cash-back program for home buyers and sellers over 50 Jun. 30th 2020
    AARP members are now able to earn a cash back reward or bonus when they buy or sell a home, in a partnership with Realogy. The post AARP and Realogy launch cash-back program for home buyers and sellers over 50 appeared first on HousingWire.