Learn more about current events and trends that may affect your industry in this week's round-up!
- Homeowner Equity Increased to a Record High in 2017
Last year, owners enjoyed record-high home equity, and home prices are up nearly 6% in the first two months of 2018.
- Manhattan Real Estate Sales Dropped 25% in the First Quarter
Buyers were disturbed by a volatile stock market and the new tax law as first quarter sales dropped 25% and prices dropped 8%.
- Consumer Optimism about Homebuying is at a 2-Year Low
A new survey by the National Association of Realtors® found that a majority of respondents are not optimistic about their ability to buy a home.
- More Retirees and Population Growth in the South Will Be Big Trends
Within the next decade, 38% of people will beover the age of 65. The South will likely see 62% of the population growth.