RISMedia's Real Estate Magazine

JUL 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/1132072

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Page 22 of 126

18 July 2019 RISMedia's REAL ESTATE Trending in Real Estate As home sales slow and for-sale listings increase across much of the U.S., buyers are back in business in key locations across the country. According to research from realtor.com®, the Top 10 markets for buyers as of last month were: 1. Albany, N.Y. 2. Chicago, Ill. 3. San Antonio, Texas 4. Jacksonville, Fla. 5. Riverside, Calif. 6. Los Angeles, Calif. 7. Providence, R.I. 8. Dallas, Texas 9. Nashville, Tenn. 10. Tampa, Fla. Americans' confidence in the economy, as well as their employment and income picture, is rising, brightened by gains in the labor market. In May, the Conference Board's Consumer Confidence Index® jumped to 134.1—an improvement from the month prior, when the Index posted a reading of 129.2. Sixty-five percent of recent college graduates say they will have to move away from their current area in order to afford a house. Seventy-three percent of those in the Northwest and West claim they will need to move in order to buy a home. According to a survey from the National Association of Home Builders (NAHB), nearly half (44 percent) of all builders are using drones—this is up from 22 percent in 2016. The majority—84 percent— are using them to take aerial photographs for promotional materials.

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