It’s Just The Facts: July 30, 2018

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The Latest in Housing News:

  1. The median sales price of existing homes sold in the US in June 2018 was $276,900 – a record price. However, the median sales price of existing homes sole in July 2006 is equal to $285,051 in today’s dollars, the record high price on an inflation-adjusted basis. – National Association of Realtors
  2. Over the past 10 years, the number of “renter” households in the US increased by 8.4 million to 43.4 million, while the number of “owner” households increased by just 0.9 million to 76.1 million. But in the last 12 months, “renters” declined to 43.4 million while “owners” increased to 77.9 million. – Census Bureau
  3. Property and casualty insurers paid out a record $135 billion globally in 2017, the highest amount ever. Catastrophes included hurricanes, earthquakes, hail damage and wildfires. – Munich Re

Courtesy of Mortgage Market Guide

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