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As Existing Home Sales Rise, Median Home Price Hits New High
The National Association of Realtors released a new report that shows the median home price for existing home sales increased to a new high. The median existing home price for all housing types increased to $252,800 in May, passing up last June’s $247,600 as the new peak median sales price and increasing 5.8 percent from May last year.
Boomers Look to Real Estate to Afford Retirement
Boomers may have realized their retirement plans are not sufficient and have turned to alternative investments, such as real estate, to compensate. Thirty percent lack retirement savings, with one-quarter having less than $50,000 saved.
Broker Public Portal Names New Members to Board of Managers
The Broker Public Portal (BPP) has appointed seven new members to its Board of Managers. This prestigious group is comprised of executives representing the interests of brokers of all scales, independent managers and multiple listing services.