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SANTA CLARA, Calif., Feb. 4, 2021 /PRNewswire/ If January provides any insight into what to expect this spring, home shoppers are in for another fiercely competitive home-buying season with record low inventory pushing prices higher and homes selling more quickly, according to the realtor.com
® Monthly Housing Trends Report released today, which shows buyers returning to the market in earnest at the start of the year. Demand for housing was already strong coming into the year and we don t see that slowing down with millennials reaching prime home-buying age, and many remote workers still in the market for more space, said realtor.com
15 Cities With the Most Minority-Owned Startups
Despite barriers, minority business owners are making a mark on these cities.
This story originally appeared on Self.
In addition to being a critical driver of growth in the economy overall, entrepreneurship is one of the many ways that individuals can build wealth in America. But as 2020 illustrated, opportunities to participate and succeed in the entrepreneurial economy are not equally distributed by race and ethnicity.
Last year, a wave of racial justice protests nationwide and the economic repercussions of the COVID-19 pandemic drew more attention to the struggles that minority communities face in building and sustaining wealth. According to a McKinsey analysis, two of the primary challenges facing minority business owners are structural barriers to financial health and disproportionate representation in industries most susceptible to economic shocks like those presented by COVID-19.
The 15 Best-Paying Cities for Real Estate Agents
There are high-paying locations for real estate agents across the country.
Even before the COVID-19 pandemic, real estate agents were adopting new technologies as a way to connect with young, tech-savvy homebuyers. However, like so many other economic sectors, the real estate industry has been forced to expand these practices in response to social-distancing measures taken to reduce exposure to the coronavirus.
Now, virtual open houses and watch parties are the norm, and even formerly non-tech-savvy agents are embracing online document software and drone photography to comply with new restrictions.
Even with recent economic disruptions and high levels of unemployment, the real estate industry remains strong. And data from the S&P/Case-Shiller U.S. National Home Price Index reveals that home prices fueled by strong demand and a limited supply continue to rise.
Moving Home Could Help Renters Save for a Down Payment in Less than Two Years
Realtor.com® analysis shows home ownership may be within reach for young people able to channel would-be rent into savings Based on U.S. median one-bedroom rent, it would take 11 months to save for a 5% down payment for the median priced home in the U.S. Eleven months of rent savings is enough to accumulate a 5% down payment for a $327,000 home in Chicago It takes the longest nearly 22 months of rent savings to save for a 5% down payment for a median priced home in Los Angeles
Greater Seattle Partners (GSP) today announced that the Seattle metro area economy has become the 10th largest regional economy in the country, surpassing the