Millennial areas lag in new construction growth

Construction is strongest in Millennial areas, but growth in these areas has begun to lag, according to a report from the National Association of Home Builders. The majority of single-family and multifamily housing production in the U.S. is occurring in counties with the greatest concentration of Millennials, NAHB’s report said.

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Follow the money at Inman Connect New York

This winter at Inman Connect New York, we’re taking our closest look ever at the disruption that’s raging in the world of real estate. Join venture capitalists, business journalists and founders of some of the most explosive, interesting startups, as we seek to learn where this wave is carrying us. Among

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Employers put the brakes on hiring

U.S. employers unexpectedly put the brakes on hiring in November, according to ADP Research Institute and Moody’s Analytics. Private sector employment increased by 67,000 jobs, dropping 45% from the prior month’s pace, according to the jobs report issued on Wednesday. Economists expected an increase of 150,000 jobs in November, according to the

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MRED debuts Google- and Amazon-enabled voice assistant

Midwest Real Estate Data (MRED), a major multiple listing service based in the Chicago area, announced Wednesday that it has developed a new voice-activated digital assistant that should help agents stay productive while on the go. The new tool is part of connectMLS, MRED’s technology platform, and can be accessed

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MBA: Mortgage applications fall as refinance market cools

As refinance volume cooled last week, the Mortgage Bankers Association reports mortgage applications dropped by 9.2%. This means on an unadjusted basis, the index retreated 9.2% for the week ending on Nov. 29, 2019. The MBA indicates this week’s results include an adjustment for the Thanksgiving holiday. “U.S. Treasury rates stayed flat

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Boomers likely to gridlock the housing market in 2020

U.S. home sales probably will fall next year as Baby Boomers gridlock the housing market by aging in place, according to a forecast from realtor.com. Sales of existing homes likely will fall 1.8% to 5.23 million while the inventory of available homes reaches historic lows, the forecast said. Home prices

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