“More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day,” National Association of Realtors chief economist Lawrence Yun said in a release.
The stimulus bill includes aid for state and local governments, new homeowners, small businesses and renters.
The House of Representatives has approved the Equality Act, which establishes legal safeguards to prevent discrimination in housing based on sexual orientation.
The increase follows a decline earlier in February that cut the number of homeowners in forbearance plans to less than 2.7 million, the first dip below that threshold since April 2020.
The National Association of Real Estate Brokers has joined the RE/MAX Strategic Alliances program to help grow homeownership among minority groups.
The news that Zillow is purchasing ShowingTime for $500 million sent shockwaves through the residential real estate industry in February. See what readers had to say in our latest survey.
The median sales price in the first month of 2021 was up 11.8% from January 2020 to $285,000, nearly matching the record high of $290,000 set last August.
The study largely dispels a long-held belief that nearby homes lose value once low-income housing is built in an area.
The top reason long-time searchers have not purchased a home is because 40% say they were outbid.
The ad is part of their national brand campaign, Believe You Will, which encourages the power of positive thinking and believing you can accomplish your goals.