By Realtor Inventory shortages have plagued markets across the country, but a new survey suggests a turnaround may soon begin to break for frustrated buyers who can’t find enough homes for sale. Ten percent of homeowners say they plan to list their home for sale this year, and more than a quarter—26%—say they plan to…
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Black Millennial Homeownership Rates Surge
By Realtor Black millennials between the ages of 26 and 39 are increasingly becoming homeowners during the pandemic. They’re buying homes at higher rates than other Black Americans and previous generations. Their higher rates in real estate have led to an overall increase in the homeownership rate for African Americans, according to an article at…
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Rents Rising for the First Time in Eight Months
By Realtor Rents are on the rise once again. After eight months of slowdowns, rent growth in the largest metros saw an increase in March, rising 1.1% year over year, according to realtor.com®’s Monthly Rental report released on Tuesday. The median rent nationwide for the 50 largest metros averaged $1,463 in March. Over the last…
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Renters Begin to Reemerge in Urban Centers
By Realtor Could the exodus from dense city centers soon end? A new report indicates that renters’ search activity is increasing in higher density areas, beyond its pre-pandemic level. As some renters fled to the suburbs during the COVID-19 outbreak, lower rental costs and vacancies started to emerge for downtown apartments. Now vaccine rollouts may…
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