All major U.S. regions except the Midwest saw an uptick in existing-home sales in May, while the median sales price reached an all-time high, according to NAR.
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The number of Americans putting 30 percent or more of their incomes toward monthly rent has reached a record high, according to Harvard University’s Joint Center for Housing Studies.
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The rule, which takes effect in August, opens the door for real estate professionals to legally operate UAVs for marketing listings and inspecting properties.
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But a low number of listings seem to be denting potential sales on the purchase side of applications, while refinancings are driving the most recent uptick in loan demand.
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