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A prospective homebuyer needs to make $114,627 to afford a home, the brokerage and real-estate research firm says. That’s a 15% year-over-year increase and the highest annual income on record to ...
A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons.
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
One in every 20 home buyers purchased a house sight-unseen during the coronavirus pandemic, according to a new study. People are actually buying homes without ever physically seeing them: study ...
Susan M. Wachter is the Albert Sussman Professor of Real Estate, and Professor of Finance at The Wharton School of the University of Pennsylvania, the Director for the Wharton GeoSpatial Initiative and Lab, and the co-director of the Penn Institute for Urban Research.
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It also includes analysis by geography, type of buyer, type of dwelling, property status (whether the property is a new build or not), and funding status (cash or mortgage). Several guidance documents[2] are published alongside the release explaining its methodology and the difference between the different sources of official house price ...
Overall, homeownership was lower in denser, more urbanized states, as city dwellers are more likely to rent their homes. Here's the homeownership rate for the second quarter of 2017 in each state ...