Recent Real Estate Headlines You Should Know About
During this time of year, a LOT is going on in terms of the news, especially this year. From the coronavirus global pandemic to political news surrounding the presidential election we have this month, it can be hard to get access to other news topics due to these two subjects-- and countless others-- dominating the headlines. One category of the news you may be missing is real estate news; luckily for you, that’s what Collins & Company is here for! In this blog post, we’ll give you a rundown of some of the most relevant real estate-related headlines you should know from the past few months, including national headlines and some local ones!
➝ Existing-home sales grew for the fourth month in a row in September, with $311,800 being the median sale price-- National Association of Realtors
➝ The real estate market continues to accelerate, with mortgage rates and inventory reaching record lows-- Keller Williams
➝ Trends show that house hunters from typically Democrat areas are seeking out homes in typically Republican areas, which could affect election outcomes-- Realtor.com
➝ The Boca Raton (and other south Florida cities) real estate market is booming, with the median home sale price being $371,250, up 13.3% year-over year, and with the number of days on the market declining-- Redfin
➝ Retrofitting homes, or adding on low-carbon, sustainable, and energy-efficient technologies to existing residences, could become a vital process to combat climate change-- CNBC
➝ National luxury real estate sales have not slowed amid the pandemic, with Palm Beach market specifically seeing a 59.7% jump in median home sale prices-- Fox Business
➝ Airbnb have instilled new policies to help hosts and guests during the pandemic, including having more flexible cancellation policies and working on travel insurance options-- Airbnb News
➝ The pandemic has changed energy consumption in America as a whole, with national power consumption dropping an average of 4% when compared the previous year-- Forbes
➝ Wayfair releases a sneak preview and early access to certain Black Friday Deals-- Wayfair
➝ Apartments are predicted to make a comeback if the rising single-family home prices trend continues-- Fox Business