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“Nothing sells like a shortage. We have underbuilt new housing relative to demand for a decade. Building will have to exceed household formation for a number of years to reduce the housing stock ‘debt’ we have accumulated.” — First American Deputy Chief Economist Odeta Kushi
More than half of Redfin listings (54%) experienced bidding wars in November, down only 4 percentage points from the previous month, according to the online broker’s new report.
The flight of homeowners from large urban centers to the suburbs has unexpectedly begun to reshape residential real estate, but luxury property in large cities have also gotten a boost from the hot market.
Those who achieve the designation must have 40 years of membership and a year of service at the national association level
“Much of what makes walkable neighborhoods so desirable and valuable has been diminished this year.” — Redfin chief economist Daryl Fairweather
A panel of experts surveyed by the National Association of Realtors predicted that 2021 will bring a post-pandemic economic rebound, while housing prices are expected to climb.
A new report from Homes.com shows that prospective homebuyers are still waiting to see if they will work from home permanently.
He will oversee the rollout of the new and improved iList Agent CRM, which is used by more than 40,000 RE/MAX agents.
The report noted that the populations of large cities have declined the most during the pandemic.
The award, co-sponsored by the Women Presidents’ Organization and American Express, is based on sales growth over several years.