RISMedia's Real Estate Magazine

AUG 2018

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

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12 August 2018 RISMedia's REAL ESTATE {Did You Know?} #REalityCheck In June, the average home was listed for a median $299,000 and sold in 54 days . Source: realtor.com® From 2010 to 2015, the amount of residents in the suburbs swelled 3.7 percent—aligning with, though higher than, the 3.4 percent observed in urban areas. Source: The Urban Land Institute (ULI) According to a SmartAsset study, the top five metro areas where it's more cost-effective to purchase a home rather than rent are: 1. Gary, Ind. 2. Columbia, S.C. 3. Baton Rouge, La. 4. Syracuse, N.Y. 5. Charleston-North Charleston, S.C. The average homeowner is forking over 17.1 percent of their income for their mortgage, an allocation that's grown from 15.9 percent in 2017, according to a recent report by Zillow. SOLD

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