RISMedia's Real Estate Magazine

APR 2019

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/1097917

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Page 20 of 144

16 April 2019 RISMedia's REAL ESTATE Real Estate by the Numbers 37% The percentage of Power Brokers who see first-time homebuyers/ millennials as the greatest opportunity for business this year. See the full results of RISMedia's 2019 Power Broker Survey on page 54. 607,000 The number of new homes that would sell in 2019 should sales maintain January's sluggish pace, which represented a nearly 7 percent drop over last year. The housing market got off to a slow start in 2019 due to the partial government shutdown and severe weather in pockets of the country. Source: MarketWatch 40% The percentage of homes in the United States that are 48 years old or older. Source: National Association of Home Builders $300 billion+ The amount spent by remodelers nationwide in 2018 on home renovations. Housing economists are expecting a 4 – 5 percent increase in home remodeling this year. Source: The Dallas Morning News 49,000 The number of surplus insurance policies for wildfire coverage sold in 2018, representing $122 mil- lion in combined premiums. For Californians, pricey supplemen- tal insurance is often the only option as insurance companies back out of existing policies or hike up prices after dealing with fire-related claims. Source: Wall Street Journal

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