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Supply of Homes for Sale Down 0.3 Percent in June, First Annual Decline in 10 Months

The number of homes for sale nationally fell 0.3 percent year over year in late June—the first annual decline since inventory started climbing in September. This marks the end of a brief respite for buyers in this years-old seller’s[...]
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It’s Not All About Demand: Home Prices are Sky-High Where It’s Most Difficult and Most Expensive to Acquire and Develop Land

In recent years, housing demand has outpaced housing supply, leading to a 52 percent increase in national home prices between 2012 and 2019. Over this period, 8.4 million new households formed in the U.S., but just 6.8 million new housing[...]
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Here’s How Many Affordable Homes Could Be Purchased For $238 Million–The Price of Most Expensive U.S. Home Ever Sold

Hint: it’s every single affordable house on the market in Deltona, Fl, or half of all homes for sale in Akron, OH.For the $238 million spent on the most expensive American home ever sold, approximately 1,100 affordable homes could have[...]
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A Garage in Chicago Is Worth Nearly $47,000, More Than Any Other Metro

A Garage in Chicago Is Worth Nearly $47,000, More Than Any Other Metro

Homes with garages tend to sell for more than those without in every major U.S. metro area. See where they’re worth the most and least. In Chicago, homes with garages sell for an estimated 38 percent more ($46,745 for the typical[...]
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Here’s What Homebuyers and Sellers Can Expect if the Fed Lowers Rates

Here’s What Homebuyers and Sellers Can Expect if the Fed Lowers Rates

 A weakened stock market and looming economic fallout from trade wars have led many to expect that the Fed will lower interest rates this year. If the rate cuts come, and translate to a decline in mortgage rates, homebuying will become[...]
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