by RealtyBizNews | Dec 11, 2021 | home appraiser, housing, lawsuit, Paul Austin, racial bias, Real Estate News, Tenisha Tate-Austin
A black California couple has filed a lawsuit alleging housing discrimination, saying that an appraiser reduced the value of their home by almost $500,000 because of their skin color. The couple – Paul Austin and Tenisha Tate-Austin – said in their complaint that...
by RealtyBizNews | Dec 6, 2021 | home listings, homes for sale, housing, housing inventory, housing stock, Real Estate News
American housing inventory is officially at crisis level, according to a new report. Redfin revealed this week that the number of active listings in the U.S. housing market hit an all time low on November 28, down a whopping 23% from the same period one year ago....
by RealtyBizNews | Nov 28, 2021 | Home price forecast, housing, Lawrence Yun, Real Estate News
Real estate experts believe the housing market could be unseasonably hot this winter, with above-normal levels of home buying activity. Lawrence Yun, chief economist of the National Association of Realtors, said he fully expects sales activity this winter to be...
by RealtyBizNews | Nov 26, 2021 | future housing demand, housing, housing trends, Real Estate News, U.S. birth rate
An increasing number of American adults say they don’t want to have kids. It suggests an acceleration of a trend that could have a big impact on real estate markets in the future. An October survey by the Pew Research Center found that 44% of adults younger than 50...
by RealtyBizNews | Nov 25, 2021 | home sizes, housing, housing trends, Real Estate News
With the coronavirus pandemic forcing people to spend more time indoors, home buyers are looking to trade up to bigger properties. The median single-family home floor area has risen to 2,337 square feet, according to the latest data from the U.S. Census Bureau The...
by RealtyBizNews | Nov 24, 2021 | housing, manufactured home, manufactured homes, mobile homes, Real Estate News
With limited inventory and sky high prices in the traditional housing market, builders are seeing a big opportunity for so-called manufactured homes. Manufactured homes are those dwellings that are built in a factory before being assembled on site. They’re...