RISMedia's Real Estate Magazine

AUG 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/1146817

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Page 22 of 118

18 August 2019 RISMedia's REAL ESTATE Trending in Real Estate The days of dwindling inventory may soon be upon us again, according to research from realtor.com®. In February, gains in inventory shrunk from 6.4 percent in January to 5.8 percent. In the following two months, gains hovered at 4.4 percent. Come May, growth slackened to 2.9 percent, and in June, to 2.8 percent. If conditions hold, realtor.com® reports a resurging shortage in supply could hit as early as October. More than a third of people who've sold their homes claim to have cried over the experience. Consumers polled by Zillow rank selling their homes as one of the most stressful events—along with getting fired or planning a big wedding—reporting that uncertainty about their home's sale price, worries that the property wouldn't sell, and pressure to fix up the home triggered tears. New York City is experiencing a shift in its rental market due to the Housing Stability and Tenant Protection Act of 2019, which limits improvement-related rent increases and enforces stricter processes for building conversions. Various real estate groups, such as the Real Estate Board of New York, lobbied against these laws, stating that stricter regulations would disincentivize landlords from maintaining high standards. Will other cities follow suit? Topping the list of best states to retire is Nebraska, according to analysts at Bankrate who considered the following five factors to compile the nation's top locations for post-career living: cost of living, crime, culture, weather and wellness.

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