Consumers Optimistic About Housing Market

According to the Fannie Mae June 2020 Home Purchase Sentiment Index®, 61% of respondents think now is a good time to buy, up from 52% the previous month, while those who say now is not a good time to buy decreased from 39% to 27%.

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Single, Female Homeowners Thrive in Pennsylvania

The National Association of Realtors® found single women buyers were only behind married couples for homebuying rates. In the U.S., the median age for a single female buyer is 54, and single women own 2.4 million more homes than their male peers, and spend about 6% more on homes.

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Rural Pennsylvania Towns See Boom in Real Estate Business

“NAR has heard from both members and consumers there is a demand for homes in rural areas and small towns that provide not only larger homes, but acreage in a less dense city center,” said the National Association of Realtors® Vice President of Demographics and Behavioral Insights Dr. Jessica Lautz. “NAR members have told us there is strong demand for homes that provide personal space inside the home and land outside the home.”

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Home Flips Increase, Profits Decrease

The number of flips in the first quarter of 2020 represented 7.5% of all home sales in the U.S. In total, 53,705 single-family homes and condos were flipped, an increase of 1.2% from the fourth quarter of 2019 and up 0.2% year-to-year.

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