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  • Forget kitchen upgrades. What everyone desperately wants is a home office Jul. 13th 2020
    The coronavirus pandemic has had a tremendous impact on our lives in one way or another. When it comes to housing, one survey has found that the top reason for moving over the second quarter was a need for more space. The post Forget kitchen upgrades. What everyone desperately wants is a home office appeared first on HousingWire.

  • Redfin: Over half of home offers were in a bidding war in June Jul. 13th 2020
    More homebuyers are entering the market while mortgage rates continue to sink, and as a result, 54% of Redfin offers faced the competition. The post Redfin: Over half of home offers were in a bidding war in June appeared first on HousingWire.

  • Fewer U.S. tenants paid July’s rent Jul. 10th 2020
    According to RealPage, 77.4% of renters living in professionally-managed apartments in the U.S. made their rent payment as of July 6. The post Fewer U.S. tenants paid July’s rent appeared first on HousingWire.

  • New York City apartment vacancy rates reach record highs Jul. 09th 2020
    According to a new report from Douglas Elliman, Manhattan, New York, has now reached the highest vacancy rate in nearly 14 years of being tracked – 3.67%. The post New York City apartment vacancy rates reach record highs appeared first on HousingWire.

  • NAR: Nearly half of members say their market is slowly recovering Jul. 09th 2020
    NAR released its Market Recovery Survey on Thursday, which revealed that 45% of members reported their market has slowly entered recovery mode. The post NAR: Nearly half of members say their market is slowly recovering appeared first on HousingWire.

  • Gentrification comes from lack of housing supply, Urban Institute says Jul. 08th 2020
    Higher housing costs as a result of the shortage inventory leads affluent buyers to seek out low- or moderate-income neighborhoods, creating gentrification. The post Gentrification comes from lack of housing supply, Urban Institute says appeared first on HousingWire.

  • More proof that rent is getting cheaper across the U.S. Jul. 07th 2020
    Nationally, asking rents fell 0.4% in April and May, following nearly a decade of solid growth, a new report from Yardi Matrix revealed. The post More proof that rent is getting cheaper across the U.S. appeared first on HousingWire.

  • Luxury home prices continue to drop, but Redfin economist thinks this could be the bottom Jul. 07th 2020
    In the 12 weeks ending June 14, the median sale price for luxury homes fell to $1,099,521, one of the biggest declines in luxury home prices since 2015. The post Luxury home prices continue to drop, but Redfin economist thinks this could be the bottom appeared first on HousingWire.

  • Is now a good time to buy a home? Over 60% of surveyed Americans say yes Jul. 07th 2020
    Fannie Mae’s Home Purchase Sentiment Index increased nine points in June to 76.5, marking the second rise in HPSI since April’s almost record low. The post Is now a good time to buy a home? Over 60% of surveyed Americans say yes appeared first on HousingWire.

  • Home prices in Florida and Arizona expected to drop due to COVID-19 “perfect storm” Jul. 07th 2020
    Despite home prices increasing 4.8% year over year in May, a report by CoreLogic predicts those prices to stall in the summer. The post Home prices in Florida and Arizona expected to drop due to COVID-19 “perfect storm” appeared first on HousingWire.