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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

Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price. And the National Association of Realtors reported that, for the first time in a generation, housing prices rose in each of the 181 metro areas it tracks at the end of last year.

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A closer look at housing markets across the country

Housing Wire

That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year. The “Queen city of the Ozarks” needs more homes. Still, Augusta home prices are not immune to national trends.

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The American dream and the affordability crisis

Housing Wire

The National Association of Realtors (NAR) sounded the alarm last year saying, “first-time buyers, in particular, are having trouble securing that first home for a multitude of reasons, including not enough affordable properties, competition with cash buyers, and properties leaving the market at such a rapid pace.”.

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

Eppraisal

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% Denver: Nature Meets Urban Living Boasting a median home value growth of 14.6% The city's median home value rose by an impressive 20.5% Census Bureau.

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Despite Inventory Rise, Home Buyers Remain Cautious

Empire Appraisal Group

Home buyers may finally be finding more inventory options this fall, but theyre still being cautious about entering the real estate market, the National Association of REALTORS reported Wednesday. million, this is the lowest sales activity for existing homes since October 2010. Read more from NARs latest housing report.

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New Yorkers and Californians Flock to Florida

Empire Appraisal Group

Census Bureau data and moveBuddha proprietary data, as well as Zillow’s Home Value Index and Florida Housing Data. The top five Florida cities with the highest percent-increase in Zillow Home Value Index (ZHVI) from 2020-22 also show large population growth in the past decade. The report used a combination of U.S.