According to the National Association of Home Builders, soaring lumber prices that have tripled over the past 12 months have caused the price of an average new single-family home to increase by $35,872.
Based on new research by Zillow, incremental increases in U.S. homeownership rates and home values among Black households would help shrink the current $3 trillion racial wealth gap by hundreds of billions of dollars over the next decade.
U.S. property broker Redfin is reporting this week that the median home-sale price increased 18% year over year to $344,625--an all-time high.
According to the National Association of Realtors, existing-home sales fell in March 2021, marking two consecutive months of declines.
According to ATTOM Data Solutions Q1 2021 U.S. Foreclosure Market Report, there were a total of 33,699 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- during the first quarter of 2021.
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