Gen Z (81%) and millennials (71%) felt the most stress, in part because many are first-time buyers. The main stress-triggers: Low inventory and rising loan rates.
NAR’s 2023 Member Profile finds a Realtor’s typical sales volume rose to $3.4M (2022) from $2.6M via 12 transactions – and 76% will stay at least two years.
Why do long-time homeowners rent when they can afford to buy? For more and more older adults, it’s simple: less responsibility with more money to spend.
Politics can hurt home sales if a neighbor’s yard flag pushes views offensive to a potential buyer – but flags can help if buyers agree.
Sellers love drone photography – and by extension, an agent who offers it. If owners are interviewing several RE agents, it could make a difference.
In 2022, only Texas saw more homebuyers using private mortgage insurance (PMI) than Fla., where 76,451 buyers (57%) relied on PMI to buy a home.
The money helps “root out housing discrimination,” says HUD, going to local-state governments that enforce rights equivalent to those under the Fair Housing Act.
Google’s system could get listings and other ads in front of a wider – yet also targeted – audience of potential buyers and sellers.
Storms rarely have a long-term effect on the local real estate market. Cape Coral-Fort Myers listings dropped for two months after Ian but rose for the six after that.
Due to limited supply and strong demand, sales of rental housing for college students hit a record high of $22.9B in 2022.
