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Home Prices Hit an All-Time High of $370,000 in March, Realtor com® Housing Report Shows
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ClosingCorp Reports Average Closing Cost Data for Refinances In 2020
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Cities With the Most Real Estate Agents
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Like many other sectors of the economy, the real estate market was shaken in 2020 due to the effects of COVID-19. Shutdowns and social distancing measures slowed down real estate transactions in the spring, bringing home sales down to their lowest levels since 2007. As time has gone on, the real estate market has produced both challenges and opportunities for buyers, sellers, and their real estate agents, making it difficult to predict trends moving forward.
On the buyers’ side, low mortgage interest rates have continued to spur demand overall, and the new normal of work-from-home has made more workers reconsider the value they place on where they live, commute times, and home amenities. Meanwhile, some households have lost jobs and income due to the economic repercussions of the pandemic, while others are in a position to enter the market due to decreased spendi
15 Best Cities to Buy a Used Car
15 Best Cities to Buy a Used Car
If you re in the market for a used car, these cities might offer the best deals.
his story originally appeared on CoPilot.
Nearly one year into the COVID-19 pandemic, the used car market continues to shift and recover in response to changes in driving preferences and disruptions to the global supply chain brought in 2020.
On the supply side, one of the major challenges for the car market in general has been the fact that manufacturers produced fewer new vehicles in the first half of 2020. As many parts of the world shut down in an effort to slow the spread of the virus, car factories were not able to produce new vehicles at their usual rate. This constraint on supply has raised prices in the used car market as car buyers face limited options.
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