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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Eviction Moratorium Still in Effect
By Realtor The Centers for Disease Control announced it is extending by an additional three months—through June 30—its nationwide eviction moratorium, a measure that has come under increased scrutiny recently. The moratorium prohibits housing providers from evicting tenants who are unable to pay their rent due to financial hardship from the COVID-19 pandemic. The moratorium, however, has…
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How Much Home Is Too Much for Luxury Buyers?
By Realtor Home buyers have been seeking more space since the pandemic, but in the luxury market, there still appears to be limits on how big buyers are willing to go. Homes in the top 1% by price that are between 5,000 and 10,000 square feet were the fastest-selling in the luxury sector in 2020,…
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Single Women Outpace Men in Home Purchases
Single women have long been a powerful force within the first-time buyer segment. Now, one lender's analysis of recent U.S. Census Bureau data shows that, in the largest markets, single women far outpace single men when it comes to homeownership in most of the country. Single women own about 5.2 million homes in the U.S., 44% more than the…
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