For the median-income family, buying a home has never been more affordable, new surveys by the National Association of REALTORS® and National Association of Home Builders show.
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California lawmakers have introduced a bill that sets out to stop a an “REO to rental” pilot program in the state that would allow bulk sales of Fannie Mae’s bank-owned properties to investors.
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A New York penthouse has sold for reportedly a record $90 million, which is the highest amount ever paid for an apartment in the city.
The 10,923-square-foot Midtown Manhattan penthouse sold for about $8,000 per square foot. The seller, Extell Development Co., would not confirm the exact price of the sale.
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The conventional wisdom today around the millennial generation, often defined as having been born between 1980 and 2000, seems to be that they aren’t as interested in owning a home as previous generations. Recent stories in the media go so far as to claim that the dynamic, diverse people in this group prefer the flexibility of renting to the stable, long-term arrangement provided by home ownership.
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