Elevating Women in Real Estate, What You Need to Know, Success Stories, and More
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| March 10, 2022 |
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| Elevating Women in Real Estate |
| Did you know the number of women currently serving in Congress is the highest in history? This progress is great news, but with women holding just over a quarter of congressional seats, the legislative branch still has a long way to go to match the example set by our industry. As we celebrate Women’s History Month, read more about the ways real estate leads on elevating and empowering women – and how the REALTOR® Party can help. |
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| Homeownership brings tremendous wealth gains. A new study by NAR – Housing Wealth Gains for the Rising Middle-Class Markets – reports that between 2010 and 2020, nearly 980,000 middle-income households became homeowners, and total housing wealth for this income group surged by $2.1 trillion. A homeowner who purchased a typical single-family existing home 10 years ago at the median sales price of $162,600 is likely to have accumulated $229,400 in housing wealth. |
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| The U.S. homeownership rate climbed to 65.5% in 2020, up 1.3% from 2019 and the largest annual increase on record. More Americans are likely to own a home now than during any year following the Great Recession. Black Americans continue to face significant obstacles along the path to homeownership, while the rate for Hispanic Americans set a record and reached above 50% for the first time. |
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| The U.S. median list price set a record high of $392,000 in February, according to realtor.com®’s Monthly Housing Trends Report. Many markets continued to post double-digit annual price gains, while the number of homes for sale remains at record lows. Homebuyer demand remains high and home prices are surging as a result of competition for low housing inventories. |
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| Real estate property taxes are critical funding sources for local, state, and federal budgets. The pandemic continues to impact the country, but the average rate of property tax delinquency improved in 2021, falling to 5.9%, according to a new report from CoreLogic, which analyzes national and state real estate property tax delinquency levels spanning from 2011 to 2021. |
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| The REALTOR® Party At Work |
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| Three North Carolina Communities Jumpstart Revitalization with Mainstreet Downtown Assessments |
| As many of the country’s tourism markets were taking a big hit from the pandemic, some communities in western North Carolina experienced a distinct uptick in interest and housing prices as visitors found their way along the scenic mountain parkways. Many of those visitors wanted to stay, and demand hasn’t decreased. In 2021, with the help of Smart Growth Grants, three communities explored how to capitalize on their existing assets to drive sustainable residential and commercial growth. |
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