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Report: U.S. Will Have More Than 50 Million Smart Home Users in 2021
Smart Home technology has become more accessible in recent years and usage rates in the US are on the rise. According to data presented by Trading Platforms, the number of Smart Home users in the US will pass 50M in 2021 and generate the most revenue globally – $28.9B in 2021. In 2021 the number […]
Rent prices are soaring as Americans flock back to cities
33 percent rent increases and bidding wars on rentals are the new norm in some parts of America as reopening comes with big price hikes. Lauren Campos opened the door to her Phoenix apartment last week to find a note stuck in the door frame. Her rent was going up nearly $400 a month, the […]
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New Single-Family Home Sales Fell Sharply in May
Sales of new single-family homes fell sharply in May, decreasing 5.9 percent to 769,000 at a seasonally-adjusted annual rate from a 817,000 pace in April. Sales are still up 9.2 percent from the year-ago level but are well below the 993,000 pace in January (see top of first chart). Weakness over the last few months […]
U.S. Housing Prices Jump the Most in More Than Three Decades
U.S. home prices jumped the most in more than 30 years in April. Nationally, the S&P CoreLogic Case-Shiller index of property values climbed 14.6% from a year earlier, the biggest gain in data going back to 1988. That came after 13.2% increase in March, and was the 11th straight month that price gains accelerated. Home […]
Home Prices Hit Record High as Sales Decline for Fourth Month in a Row
The median sales price of an existing home grew 23.6% annually in May to a record $350,300, according to data released Tuesday. The National Association of Realtors reported that the median sale price of a home in May rose at the greatest year-over-year pace since at least 1999, up from $283,500 last year and $340,600 […]
