The Latest Real Estate News
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 adjusted…
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 in…
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 94…
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