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Top News In ஆரோன் மேம்படுத்துதல் Today - Breaking & Trending Today

Homes for sale: Are we in a housing bubble as prices outstrip wages?

Homes for sale have dwindled
Supplies of existing dwellings have dwindled far below the six-month level considered normal. Realtors are receiving multiple offers. Builders can t keep up with demand and flipping is back.
Talk of a housing bubble is now common among analysts – including those at Swiss banking giant UBS, who back up their claims with charts showing how home prices are outstripping both wages and rents. While home prices have appreciated more than 60% since November 2012, incomes have only appreciated by 20% and rents by 30% over the same time period. The upshot: Homes are out of reach for more and more buyers every year, the analysts argue. ....

New York , United States , Laguna Niguel , San Francisco , New Jersey , Marco Santarelli , Anthemos Georgiades , Mark Stapp , Stacie Lee , Los Angeles , Berkshire Hathaway Homeservices , Robert Goldman , Zumper Anthemos Georgiades , Robert Shiller , Mary Jo Santistevan , New York Times , Berkshire Hathaway , Arizona State University , Maine Association Of Realtors , Michael Saunders Co , Great Recession , Norada Real Estate Investments , Norada Real Estate , Federal Reserve , Michael Saunders , Aaron Bolster ,

Homes for sale: Are we in a housing bubble as prices outstrip wages?

Homes for sale have dwindled
Supplies of existing dwellings have dwindled far below the six-month level considered normal. Realtors are receiving multiple offers. Builders can t keep up with demand and flipping is back.
Talk of a housing bubble is now common among analysts – including those at Swiss banking giant UBS, who back up their claims with charts showing how home prices are outstripping both wages and rents. While home prices have appreciated more than 60% since November 2012, incomes have only appreciated by 20% and rents by 30% over the same time period. The upshot: Homes are out of reach for more and more buyers every year, the analysts argue. ....

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Maine Real Estate 2020 Sales, Prices - Free Press Online

Maine Real Estate 2020 Sales, Prices
Tuesday, January 26, 2021 3:04 PM
Aaron Bolster, president of the Maine Association of Realtors, said in a recent news release that “2020 was a year like no other for residential real estate in Maine. The sales year ended with historic highs for the number of reported transactions, 19,921, and median sales price, $256,000, since we began compiling data more than 20 years ago.”
During the month of December only, sales across the state were up 31.53% compared to December 2019, and the statewide MSP of $270,00 represents an increase of 15.38% from the previous year.
Nationally, December 2020 sales of single-family existing homes jumped 22.8% over December 2019. According to the National Association of Realtors, the national MSP increased by 13.5%, to $314,300. Sales in the Northeast climbed 27.4%; the regional MSP of $362,100 reflects a jump of 19% comparing December 2020 to December 2019. ....

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Maine's housing market broke records in 2020 - Portland Press Herald

Maine’s housing market broke records in 2020, with sales and prices through the roof
Despite the pandemic, the year s home sales outpaced all previous years, and the median price of homes sold rose to a new high of $256,000.
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It took Colin Wagner, a first-time homebuyer, eight months and multiple rejected offers before he finally purchased a house in South Portland. Despite the pandemic, residential real estate sales broke records in Maine during 2020. Gregory Rec/Staff Photographer
If you were trying to buy a home in Maine in 2020, you needed a pile of money, a dash of creativity or a dose of luck. ....

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Maine's housing market broke records in 2020 - CentralMaine.com

Maine’s housing market broke records in 2020, with sales and prices through the roof
Despite the pandemic, the year s home sales outpaced all previous years, and the median price of homes sold rose to a new high of $256,000.
Share
It took Colin Wagner, a first-time homebuyer, eight months and multiple rejected offers before he finally purchased a house in South Portland. Despite the pandemic, residential real estate sales broke records in Maine during 2020. Gregory Rec/Staff Photographer
If you were trying to buy a home in Maine in 2020, you needed a pile of money, a dash of creativity or a dose of luck. ....

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