RISMedia's Real Estate Magazine

JUL 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/996974

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Page 16 of 126

12 July 2018 RISMedia's REAL ESTATE {Did You Know?} #REalityCheck New-home sales slipped slightly in April, down 1.5 percent to 662,000. The average new-home sales price was $407,300, while the median was $312,400. New-home listing inventory was 300,000, representing 5.4-months supply. Source: The Commerce Department According to a new realtor.com® report, in a brisk six years, the average cost of a home has jumped 83 percent across California. According to RentCafé, THE TOP FIVE MOST PROSPEROUS CITIES IN THE U.S. ARE: 1. Odessa, Texas 2. Washington, D.C. 3. Charleston, S.C. 4. Fontana, Calif. 5. North Charleston, S.C. The average borrower categorized with credit as "fair" can be on the hook for $21,000 more than a borrower with an "excellent" score, according to an analysis recently released by Zillow.

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