RISMedia's Real Estate Magazine

JAN 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/918036

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Page 16 of 110

12 January 2018 RISMedia's REAL ESTATE {Did You Know?} #REalityCheck More earnings are needed for rent than in years past—now 29.1 percent of the median monthly income, versus the 25.8 percent needed prior to the recession, according to an analysis recently released by Zillow. The difference equals $1,957 more than if the share had stayed the same. According to realtor.com®' s 2018 National Housing Forecast, existing-home sales are expected to grow 2.5 percent this year to 5.6 million. According to GOBankingRates, the top 5 most affordable states for millennial homebuyers are: HOME PRICES ROSE 1.4 PERCENT in the third quarter of 2017, according to the Federal Housing Finance Agency's (FHFA) House Price Index (HPI). The HPI year-over-year— based on prices for homes with Fannie Mae- and Freddie Mac-backed mortgages—was up 6.5 percent. u v w x y

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