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Households’ Real Estate Asset Value Falls for First Time Since 2012

Eyes on Housing

1 Financial Accounts of the United States shows a decrease in the value of households’ real estate assets over the fourth quarter of 2022. As home prices begin to decrease from pandemic highs, households’ real estate asset value fell for the first time since the first quarter of 2012. Read More ›

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Low-income owners’ home values have increased by 75% since 2012

Housing Wire

Between 2012 and 2022, the nationwide median value of homes owned by low-income households (households earning no more than 80% of metro area’s median income) rose 75%, or $98,910. Middle-income homeowners in Ogden recorded the largest wealth gain among all metros for their income bracket, gaining $220,000 in wealth from 2012 to 2022.

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Real estate investors snagged more entry-level houses than ever: Redfin

Housing Wire

Real estate investors purchased 26.1% When they find those properties, they pile in,” Carrie Caruthers, a Redfin real estate agent in Riverside County, California, said in the report. year over year to 251,462, the lowest fourth-quarter level since 2012, according to Redfin data. a year earlier) and 15.9%

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14 real estate trends Gen Z buyers are looking for

Housing Wire

Gen Z — born between 1997 and 2012 — is making waves in the market with their approach to homebuying. Here are 14 real estate trends Gen Z buyers won’t pass up. Tiny homes, co-living spaces and shared housing arrangements are ways to reduce the cost of homeownership, as well as negotiating real estate agent commission.

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Home equity investment startup Splitero launches its own real estate brokerage

Housing Wire

California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. Phillip Cantrell, founder of Benchmark Realty LLC , a Tennessee-based real estate brokerage, sees one possible vulnerability in Splitero’s business model.

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Savvy real estate agents look beyond ChatGPT

Housing Wire

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job? trillion to $7.9

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Just 36 real estate brokerages and teams made the Inc. 5000 in 2023

Housing Wire

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023. 186 spot on the Inc.

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