Source: MPA — The meteoric spike in US lumber priceshas driven the price of an average new single-family home to soar by $35,872, data from the National Association of Home Builders (NAHB) revealed. Lumber prices have tripled in the past 12 months, with framing...
Source: The Wall Street Journal — The pandemic has spurred a burst of mobility that is accelerating changes in where and how Americans live. Some young people are leaving cities earlier than is typical, while some older people are speeding up retirement moves....
Source: MPA — In America’s wealthiest county, when homes sell above list price, they sell for as much as $500,000 over asking. Kristi Hardy (pictured), VP and senior loan officer at Atlantic Coast Mortgage, has been seeing this demand firsthand in her local...
Source: MPA — For all we know about our current housing market, the sources of demand, the supply headwinds and the changing financing landscape, one key variable has been unclear to us since the pandemic began: just how widespread will the ‘remote work...
Source: Housing Wire — In analyzing more than 7 million homes sold between 2013 and the beginning of 2021, Redfin found homes in Black neighborhoods are undervalued by an average of $46,000 compared to homes in primarily white neighborhoods, the company said....
Elme Communities Offers Update on Liquidation Process
