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Housing starts hit highest pace since 2006

Housing Wire

Single-family housing starts ended 2020 on a high note, rising 12% in December to a 1.338 million unit pace – the highest pace since 2006, according to the Census Bureau. Lawrence Yun, National Association of Realtors chief economist, is optimistic the housing sector will be a major player in the economy’s recovery in 2021.

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2020 home sales hit highest level since 2006

Housing Wire

Existing home sales rose in December, and total home sales in 2020 reached the highest level in 13 years, according to the National Association of Realtors. Total housing inventory at the end of December totaled 1.07 The post 2020 home sales hit highest level since 2006 appeared first on HousingWire. A total of 5.64

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Housing market inventory is starting to recover

Housing Wire

“The March pace was the second strongest since 2006, surpassed only by this past December’s reading,” Duncan said. Single-family housing starts ended 2020 on a high note, reaching a 1.338 million-unit pace in December — the highest pace since 2006. That’s depleting inventory across the country. from February.

Inventory 545
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Top markets for affordable renovated housing inventory

Housing Wire

from a year ago to $356,700, according to the National Association of Realtors. Homes remain much more affordable in 2021 than they were during the home price runup in 2005 and 2006, but the seven-month trend in deteriorating affordability is starting to gradually slow demand. Renovated Inventory to the Rescue. Skyrocketing U.S.

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Buyers viewed just eight homes before making their purchase

Housing Wire

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. According to NAR , low inventory is partly to blame for the homebuyers looking at fewer homes than before.

Buyers 414
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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. HW: How can REO asset managers keep costs low and improve margins? territories.

Business 337
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The evolution of the more productive real estate agent 

Housing Wire

Bonnie Williamson never intended to be a real estate agent. As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 Gault and Wexler both came from real estate families and have been in the industry for over 20 years.