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  • 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.

  • The rate of Black homeownership varies significantly by metro area Jul. 02nd 2020
    The metro where Black homeownership is the highest is in Washington, D.C., where 51% of Black families own their homes. The post The rate of Black homeownership varies significantly by metro area appeared first on HousingWire.

  • New free platform looks to connect homebuyers and sellers before houses are listed Jul. 01st 2020
    With mortgage rates hitting historic lows, many consumers are eager to shop for houses. However, they face the challenge of low inventory and sellers who may be hesitant to put their homes on the market in the midst of the COVID-19 pandemic. The post New free platform looks to connect homebuyers and sellers before houses are listed appeared first on HousingWire.

  • Housing market recovery: things are looking up Jul. 01st 2020
    The housing market continues to show positive signs of recovery, according to realtor.com’s Housing Market Recovery Index, yet COVID-19 is still a concern. The post Housing market recovery: things are looking up appeared first on HousingWire.