Home Price Growth Reaches New Record

Home Price Growth Reaches New Record According to Standard & Poor’s CoreLogic Case-Shiller national home price index, the month of May posted a 16.6% annual gain, marking the highest reading in more than 30 years of data as well as the 12th consecutive month of accelerated growth… Read More Yahoo! Finance https://finance.yahoo.com/news/case-shiller-home-price-may-2021-130004294.html

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Multifamily Housing Rebounding in 2021

Multifamily Housing Rebounding in 2021 According to the latest Yardi Matrix U.S. Outlook report, multifamily housing is expected to increase by 17% in 2021 to 334,000 new units… Read More Building Design + Construction https://www.bdcnetwork.com/new-report-predicts-double-digit-multifamily-delivery-rebound-2021?oly_enc_id=8119J6515789G0W

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Report Finds Americans Opting for Longer Commutes to Find Housing

Report Finds Americans Opting for Longer Commutes to Find Housing An analysis of data published by Zillow found that Americans are opting for larger and more affordable homes that require a longer travel time to and from big cities and it is impacting housing market sales and prices… Read More Fox Business https://www.foxbusiness.com/lifestyle/americans-longer-commutes-changing-city-housing-markets

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Housing Supply to See Increases

Housing Supply to See Increases As a number of communities begin to grow again after the decline seen during the pandemic, we can expect for home construction to boom over the next 2 years… Read More John Burns Real Estate Consulting https://www.realestateconsulting.com/more-supply-is-on-the-way/

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7/30: EconUpdate by P. Duffy

EconUpdate by P. Duffy 3Q 2021 GDP annualized growth edges up to 6.5 percent Real gross domestic product (GDP) increased at an annual rate of 6.5 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. In the second quarter, government assistance payments in the form of loans to businesses and grants to state and local governments increased, while social benefits to households, such as the direct economic impact payments, declined. In the first quarter of…

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KB Home Opens New-Home Community in Las Vegas

KB Home Opens New-Home Community in Las Vegas The new community called Teagan is located in West Las Vegas and will feature the standard high performance ventilation systems, low- or zero-VOC products and other features guided by the EPA Indoor airPLUS standards… Read More Businesswire https://www.businesswire.com/news/home/20210723005020/en/

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Freddie Mac Expects Housing Market to Remain Strong, Despite Recent Slowdown

Freddie Mac Expects Housing Market to Remain Strong, Despite Recent Slowdown While there have been a few signs that the hot housing market is cooling, Freddie Mac expects housing growth to be 12.1% this year and expects sales to reach 6.9 million… Read More GlobeSt https://www.globest.com/2021/07/26/what-slowdown-freddie-mac-expects-housing-market-to-remain-strong-for-2021/

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Housing Supply Gains Momentum

Housing Supply Gains Momentum A new report by Redfin found that the housing market’s supply has gained some more inventory as more homes for sale become available and pending sales decline… Read More National Mortgage Professional https://nationalmortgageprofessional.com/news/housing-markets-supply-gains-momentum

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Foreign Investment in the U.S. Housing Market Falls to Record Low

Foreign Investment in the U.S. Housing Market Falls to Record Low According to a new report by the National Association of Realtors, the dollar volume of existing-home purchases by foreign buyers for the 12-month period ending March 2021 fell 27%… Read More Yahoo! Finance https://finance.yahoo.com/news/foreign-investment-in-us-housing-market-falls-to-a-record-low-140007460.html

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