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Homes With High Fire Risk Sell For Nearly $120,000 More Than Low-Risk Homes As Americans Flock to Fire-Prone Suburbia

Homes With High Fire Risk Sell For Nearly $120,000 More Than Low-Risk Homes As Americans Flock to Fire-Prone Suburbia

by Third Party | Jun 7, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Redfin —  The typical high-fire-risk home sold for $550,500 in April, while the typical low-risk home sold for $431,300. That’s the biggest premium since at least 2017. The median sale price of high-risk homes jumped 52% during the pandemic, while the...
REIMAGINING REAL ESTATE TECHNOLOGY

REIMAGINING REAL ESTATE TECHNOLOGY

by Third Party | Jun 7, 2022 | Industry Updates, Real Estate Agent Tools, Real Estate News

Source: RisMedia —  There’s a lot of noise in the real estate technology space today, and tech fatigue is running rampant as brokerages continue to chase the next shiny object and throw significant sums of money at tools that don’t play nicely with one another....
How a Home Purchase Boosts Consumer Spending

How a Home Purchase Boosts Consumer Spending

by Third Party | Jun 7, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: NAHB —  Using the Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics (BLS), NAHB Economics estimates that a home purchase triggers significant spending on appliances, furnishings, and remodeling. NAHB’s most recent estimates are...
Why You Need an Expert To Determine the Right Price for Your House

Why You Need an Expert To Determine the Right Price for Your House

by Third Party | Jun 7, 2022 | Industry Updates, Mortgage Information, Real Estate Agent Tools, Real Estate News

Source: Keeping Current Matters —  If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be...
Housing Inventory June 6th Update: Inventory UP 13.9% Year-over-year

Housing Inventory June 6th Update: Inventory UP 13.9% Year-over-year

by Third Party | Jun 7, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Calculated Risk —  Altos reports inventory is up 13.9% year-over-year. Inventory usually declines in the winter, and then increases in the spring. Inventory bottomed seasonally at the beginning of March 2022 and is now up 56% since then. As of June 3rd,...
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