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Real Estate Workforce Grows Twice as Fast as any Other Sector in February

Employers in the real estate sector expanded their workforces by nearly 1% in February, roughly doubling the national job growth pace. Real estate companies bounced back from a hiring lull in January, adding jobs in February at nearly double the pace of other U.S. employers.  Brokerages and other real-estate service providers hired a seasonally adjustedContinue reading “Real Estate Workforce Grows Twice as Fast as any Other Sector in February”

Millennials and Baby Boomers are Bidding for Homes, and Boomers are Winning

The record-setting housing market has brought anecdotes of frustrated home shoppers being repeatedly outbid and using risky strategies, such as waiving contingencies, to be competitive.  And a new Zillow analysis of the age, sex, race and income of home buyers over a decade reveals Millennials and Baby Boomers — two of the biggest generations inContinue reading “Millennials and Baby Boomers are Bidding for Homes, and Boomers are Winning”

Home Prices Jump by Nearly Double Digits

The median existing single-family home price rose 22.9% year over year during the second quarter, to $357,900, an increase of $66,800 from the year before, according to NAR. Median single-family home prices grew on an annual basis in 99 percent of all markets analyzed by the National Association of Realtors (NAR) during the second quarter of 2021, with 94Continue reading “Home Prices Jump by Nearly Double Digits”

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