The economy may be slowing, but home sellers are benefitting from price gains. Keep up with the latest in real estate with our weekly news roundup:
- Realtor.com released a list of America’s 10 fastest-growing neighborhoods, and a few of them may might surprise you. The list is comprised of neighborhoods from the East Coast to the West Coast where job opportunities are growing and increased demand is driving new construction.
- Future homebuyers continue to put off purchasing a home due to persisting credit issues. Experian recently conducted a national survey about homebuying and credit, and found “one in five would-be home buyers say they will likely not purchase a home for the next five to 10 years because of their credit profile.” You can read more on Experian’s findings here.
- What’s going on with the economy? In a recent Forbes article, Lawrence Yun, the chief economist for the National Association of REALTORS®, identified the two main reasons for the recent inconsistencies and how the economy can get back on track.
- While many would-be homebuyers are hesitant to enter the housing market, home sellers have benefited from the highest price gains since December 2007. In March, U.S. home sellers reportedly sold their home for $30,500 more than their closing price, according to RealtyTrac‘s March and Q1 2016 U.S. Home Sales report.