By the Numbers
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ATTOM Data Solutions’ report of increased equity in residences across the country could be good news for the nation’s ability to absorb potential wave of foreclosures.
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Nearly two million jobs were restored in July, as the economy struggles to return to pre-pandemic levels.
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Zillow reports that homes typically went under contract in two weeks.
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See how the South did last month compared to the rest of the nation.
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“Markets with stronger job creation pre-COVID are proving to have the crucial edge for real estate activity, particularly those with a strong technology sector.” — Javier Vivas, director of economic research for Realtor.com
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A new report that rent is still rising, but by much less in most cities, as a result of the COVID-19 crisis.
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More than half of those working remotely said they would leave the city if they didn’t have to go into an office.
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It seems 2020 will be a challenge for buyers – “not because of what they can afford but rather what they can find,” according to Realtor.com.
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Also included in the report is the finding that millennials are generally unconcerned about qualifying for a home loan.
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The rebound could mean an accelerating market nationwide.
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NAR’s chief economist predicts a continued increase in sales if buyers have adequate inventory.
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Two percent jump in housing starts nationwide could mean lower chance of recession
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More than two-thirds of homebuyers believe housing availability getting harder.
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NAR report: Selling without the assistance of an agent at a near all-time low
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All 50 states saw a boost in prices last month. CoreLogic reports half of millennial homebuyers used retirement savings to help them purchase their first home.
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The Fed cuts interest rates while a Commerce Department report notes recent economic growth was driven in part by the real estate sector.