RISMedia's Real Estate Magazine

SEP 2017

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/864801

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Page 16 of 118

12 September 2017 RISMedia's REAL ESTATE {Did You Know?} #REalityCheck Apartment prices in Manhattan hit records in the second quarter of 2017, reaching an average $2,179,172 and a median $1,205,000. Source: Halstead's Second Quarter 2017 Market Report In year one, first-time homeowners spend two times more than seasoned homeowners. In year two, they spend another $4,500, on average. Source: National Association of Home Builders (NAHB) According to a recently released Trulia survey, 44 percent of respondents look back on the decisions they made about their homes with remorse. 98 % of homeowners and 83 percent of renters recently surveyed by Digital Risk perceive homeownership as "a good investment," with 87 percent of homeowners seeing their home's value hold or rise.

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