RISMedia's Real Estate Magazine

APR 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/958872

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Page 16 of 126

12 April 2018 RISMedia's REAL ESTATE {Did You Know?} #REalityCheck Consumer confidence leapt in February, posting a 130.8 reading in the latest Consumer Confidence Index® from The Conference Board. The Expectations reading of the Index rose to 109.7, while the Present Situation reading rose to 162.4. Home-building activity blew by expectations in January, with housing starts up 9.7 percent to a rate of 1,326,000. Source: U.S. Census Bureau and the Department of Housing and Urban Development (HUD) According to realtor.com®, as buyers bypass the suburbs, the top 5 fringe markets to watch are: 1 Spokane, Wash. 2 Portland, Maine 3 Knoxville, Tenn. 4. Deltona, Fla. 5. Boise, Idaho The Hispanic homeownership rate increased to 46 % in 2017—just 3.5% away from the 49.7% it was in 2007, prior to the recession. Source: National Association of Hispanic Real Estate Professionals (NAHREP) annual report

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