After hitting historic lows during the Great Recession, African American homeownership in the U.S. has rebounded promisingly, said Zillow, Seattle, marking what it suggested was “perhaps the start of a recovery.”
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Encouraging Signs for Black, Latinx Homeownership Rates
After hitting historic lows during the Great Recession, African American homeownership in the U.S. has rebounded promisingly, said Zillow, Seattle, marking what it suggested was “perhaps the start of a recovery.”
Homes Sold Above List Price Fall to 3-Year Low; Luxury Homes Pick Up
Zillow, Seattle, said the share of U.S. homes that sold for more than their list price in 2019 fell to 19.9%, the lowest annually since 2016.
Where Home Buyers are Searching for Homes–And What They Want Nearby
Two reports shed light on home buyer hot spots–and what’s attracting them to those areas.
Zillow: Recovery Added $11.3 Trillion to U.S. Housing Value over Past Decade
Zillow, Seattle, said the total value of every home in the U.S. reached $33.6 trillion at the end of 2019, nearly as much as the GDP of the two largest global economies combined–the U.S. ($20.5 trillion) and China ($13.6 trillion).
Industry Briefs
The Tennessee Mortgage Bankers Association is providing up to $10,000 in college scholarships for 2020, its 60th anniversary year.