Posts tagged Real Estate
As New Construction Home Sales Continue to Slide, Rising Home Prices Could Boost Industry

The Main Point: While an abundance of new construction homes is an indicator of a healthy economy, Bloomington-Normal continues to see a slump in home building, said John Armstrong, President of the Bloomington-Normal Association of Realtors (BNAR). A recent boost in local market inventory and gains in home prices could encourage new home sales growth.

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Young Buyers a Driving Force in Local Homes Market

For the fourth year in a row Generation Y and Millennials made up the largest portion of American home buyers. Data released by the National Association of Realtors (NAR) showed adults ages 36 and younger represented 34% of home buyers in 2017. While Generation Y are often distinguished from their older counterparts, the NAR refers to both groups collectively as “Millennials.”

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