RISMedia's Real Estate Magazine

SEP 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.

Issue link: http://remag.rismedia.com/i/1017650

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Page 16 of 134

12 September 2018 RISMedia's REAL ESTATE {Did You Know?} #REalityCheck The homeownership rate has risen to 64.3 % —a departure from the first quarter of 2018, when the homeownership rate was 64.2 percent. Source: U.S. Census Bureau A recent report by WalletHub points to these five cities as being most favorable for first-time homeowners: 1. Broken Arrow, Okla. 2. Tampa, Fla. 3. Centennial, Colo. 4. Boise, Idaho 5. Grand Rapids, Mich. According to an analysis recently released by Zillow, the average homeowner pocketed $38,856, or a 20.8 percent return, when selling, having had their home for 8.4 years. According to the latest Luxury Home Index by realtor.com®, $1 million-plus transactions are up 25 percent year-over- year, with the average property being snapped up in 105 days.

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