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Record Number of Renters Struggle With Affordability

Appraisal Buzz

This trend represents a sharp rise from 2001, when 41% of renters were cost-burdened. million since 2001. In 2023, 70% of renters earning between $30,000 and $44,999 were burdened, up 15 percentage points from 2001. percentage points since 2001. percentage point increase from pre-pandemic levels.

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Homeowners’ Renovation Spending Doubled Since 2001

Appraisal Buzz

The post Homeowners’ Renovation Spending Doubled Since 2001 appeared first on DSNews. The post Homeowners’ Renovation Spending Doubled Since 2001 appeared first on Appraisal Buzz. The remodeling industry has responded with shifts in scale and specialization, according to a study by Harvard’s JCHS.

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U.S. Population Grows at Highest Rate Since 2001

Eyes on Housing

The population grew at a rate of 0.98%, the highest rate since 0.99% in 2001. Census Bureaus latest estimates, the U.S. resident population grew by 3,304,757 to a total population of 340,110,988. This also marked the third straight increase in the growth rate of the U.S. population. The vintage population estimates.

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Household Incomes Hit Hard by High Housing Costs

Appraisal Buzz

Median rent increased a whopping 21% between 2001 and 2022, while median renter household income increased just 2%. Rapid Rent Growth Rents have grown rapidly across all income groups since 2001: The largest increase was for households earning $75,000 or more, where median rent increased by 27%, to $1,800 in 2022.

Investing 434
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Pending home sales plummet to all-time low in May: NAR

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. According to industry analysts, this is the lowest index reading recorded since NAR began collecting the data in 2001. The PHSI fell 2.1% from April to a reading of 70.8 in May, which was down 6.6% on a yearly basis.

Inventory 493
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Pending home sales bounce back in June: NAR

Housing Wire

A reading of 100 is equal to the level of contract activity in 2001. According to industry analysts, May’s index value was the lowest reading recorded since NAR began collecting the data in 2001. The index rose from a reading of 70.8 in May to 74.3 in June, although the latter reading was down 2.6% on an annual basis.

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Keller Williams named to yet another profit-sharing lawsuit

Housing Wire

Jana Caudill was a sales associate with Keller Williams from February 1, 2001 to December 14, 2011, and Dennis Caudill was a sales associate with Keller Williams from February 1, 2001, to December 14, 2011. District Court for the Northern District of Indiana.

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