The median price of a home in the U.S. reached its highest point in 13 years last month as inventory continued to fall.
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Author: Jason Porterfield
Millennials dominate homebuyer market as Gen Z enters
Eighty-eight percent of all homebuyers said they used an agent as a source of information during their search, and 91% of millennials age 22 to 30 said the same.
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NAR finds fewer Black Americans own homes than other groups
NAR put together its “Snapshot of Race and Home Buying in America” report to study the hurdles that persistently block minorities from owning homes.
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Searches for $1 million-plus homes highest since 2017, Redfin says
In Atlanta, 3.6% of last year’s Redfin searches were for homes priced higher than $1 million.
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Low-income housing doesn’t hurt home prices
The study dispels a long-held belief that nearby homes lose value once low-income housing is built in an area.
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Ansley partner @properties designates top Detroit brokerage its first franchisee
Chicago-based @properties is awarding its first franchise to Alexander Real Estate, a firm with offices in Detroit and suburban Royal Oak, Michigan.
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Atlanta rents jump in 2020, along with other major markets
“In the final months of 2020, single-family rents posted the highest increases in over four years,” said Molly Boesel, principal economist at CoreLogic. “However, single-family rent price reaction to the pandemic and resulting recession differed greatly across metros.”
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Zillow finds home values growing more slowly in Atlanta than in suburbs
Zillow’s national figures showed high demand for housing in urban areas helping values in cities keep pace with those in the suburbs.
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What Matters to Real Estate Agents: Coldwell Banker weighs in
Best-in-class service, tools and support are keys to agent satisfaction, report finds.
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Mortgage delinquency rates higher than 2019, but dropping
“The consistent decline in serious delinquency since August is a sign of growing financial stability for families,” said Frank Martell, president and CEO of CoreLogic.
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