LGBTQ+ Buyers More Likely to Be Younger, First-Time Buyers
Forty-two percent of LGBTQ+ buyers were first-time, compared to 32% of non-LGBTQ+ buyers, while 37% of LGBTQ+ sellers were first-time, vs. 33% of non-LGBTQ+ sellers.
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Housing and Civil Rights Leaders Announce a National Initiative to Increase Black Homeownership
According to the Urban Institute, the Black homeownership rate in the U.S. currently stands at 42.3%. The national homeownership rate is 64.1%, while the rate for whites stands at 72.2%. Left unaddressed, the Black homeownership rate will fall even further by 2040, Urban Institute projects.
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Survey Says Millennials Struggle With Homebuying Knowledge
Nearly half of of millennials said they cannot confidently define the word appraisal.
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Father’s Day: Meet Pennsylvania Realtors® Who Followed Their Dads Into the Industry
For some Realtors®, joining the industry was a no-brainer, thanks to Dad.
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Pets, Renovations Top Consumers’ Minds When It Comes to Housing
Forty-four percent of Americans consider their pets’ needs when they are looking at homes.
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Homebuilders Report Shortage of Materials, High Costs
On average, builders estimated that the cost of materials have risen 26.1% year over year.
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Eviction Proceeding Timelines Modified
In response to the COVID-19 pandemic, the Pennsylvania Supreme Court made emergency rule changes to some of the timelines relating to residential eviction proceedings before magisterial district judges. These modified rules went into effect on Jan. 1, 2021. After seeking public comment and additional feedback on the modified rules, the Supreme Court recently announced it is modifying the timelines back to their original periods effective Jan. 1, 2022.
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General Assembly Approves Resolution to End Emergency Declaration
Along with this measure, the legislature also passed House Bill 854 on June 9, with new language extending all of the regulatory waivers that had been issued under the emergency order. Those waivers, including one that allow livestreamed education courses to be counted under the rules applicable to in-person courses, are now extended to Sept. 30. HB854 was approved by both the Senate and House of Representatives and now moves to the governor’s desk for his signature.
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Pittsburgh Named Top City for LGBTQ+ Homebuyers
“Living and working in the city of Pittsburgh as an LGBTQ+ individual myself, I can firsthand say I’m proud and not surprised to see the city of Pittsburgh named as the top place for homebuyers within this community,” said Brian Czapor, a Realtor® with Piatt Sotheby’s International Realty in Pittsburgh.
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Warren County Board Receives NAR Placemaking Grant to Help with Dog Park
The NAR Placemaking Grant will help put in a handicap ramp.
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