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A closer look at housing markets across the country

Housing Wire

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Still, Augusta home prices are not immune to national trends.

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Homeowners gain $8.2 trillion in housing wealth over 10 years

Housing Wire

From 2010 to 2020, middle-income households gained $2.1 trillion in housing wealth, according to a new study by the National Association of Realtors , released on Wednesday. “Owning a home continues to be a proven method for building long-term wealth,” Yun said in a statement. in 2010. .”

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Could online mortgage lenders reduce discrimination against Black homebuyers?

Housing Wire

The housing market is red hot. The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price.

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Rich men, poor men, and the infinite housing crisis

Housing Wire

In 2010, less than half of eligible Netflix employees opted for stock as part of their compensation, taking a mere 5-7% of their earnings as stock. Possessing almost the entire corporate equities market, rather than a small stake as a regular employee or retail investor, is the difference between owning a bank and owning a savings account.

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Where home seller profit margins are shrinking

Housing Wire

This is the first decline in home prices in almost three years, down from 57.6% in the second quarter, with median national home values dropping 3% quarterly to approximately $340,000, the report said. Despite this drop, investment returns for home sellers is still up from 48.8% decreased to 54.6%

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Location, Location, Location: Homebuyers Acclimatizing to Climate Risks 

Appraisal Buzz

For the first time since 2010, homes facing low risk from natural disasters are rising in value faster than homes facing high risk, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The total value of U.S. The total value of homes facing high fire risk is up 6.4%

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Millennials on the Move: Top 10 Hottest Housing Markets Backed by Data and Desirability

Eppraisal

Here are the top ten hottest housing markets that millennials are flocking to, backed by compelling statistics that underscore their appeal. increase in millennial population between 2010 and 2020, according to data from the U.S. The city's median home value surged by 18.4% Census Bureau.