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Home buyers need to earn $47,000 more than in 2020

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The income needed to comfortably afford a home is up 80% since 2020, while median income has risen 23% in that time Home shoppers today need to make more than $106,000 to comfortably afford a home, a new Zillow® analysis finds. That is 80% more than in January 2020, showing how the math has changed for hopeful buyers, who are more often partnering with friends and family or “house hacking” their way to homeownership. In 2020, a household earning $59,000 annually

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Quinn Residences

Purposefully Built for Rent By Carole VanSickle Ellis It was a very happy Valentine’s Day in February 2020 when Quinn Residences closed on its first project, a 93-home community in Raleigh, North Carolina. The company had big plans for the townhome community, including a shift from the for-sale community it had been to something that was still emerging as a distinct industry in early 2020: a purpose-built community of single-family

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Detroit, Michigan

The “Motor City” is Coming Back for More By Carole VanSickle Ellis At the end of 2023, Detroit, Michigan, was enjoying some unseasonably warm weather thanks to a “no-snow December” that posted high temperatures in the 40s and about one-tenth of an inch of snow for the Motor City (vs. “normal” December temperatures around 30° Fahrenheit and snowfalls of more than 10 inches). Maybe it was the real estate market.

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The Evolution of Real Estate Syndication

The Impact of Modern-Day Crowdfunding Platforms By Allen Shayanfekr Real estate syndication has undergone a significant evolution over the last 10 years, with modern-day crowdfunding platforms revolutionizing the way both debt and equity deals are syndicated. This article explores the historical context of real estate syndication, tracing its evolution to the present day and examining the pivotal role played by platforms such as Sharestates and others. Through an analysis of

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The Home Depot’s Path to Pro Program

Building the Next Generation of Skilled Trades Professionals By Jenna Arca As the skilled trades population becomes increasingly diverse, ensuring accessibility to trades training and resources is critical to bridging the labor gap between the number of skilled trade workers and the unprecedented demand for trade jobs. As an example, 94% of The Home Depot’s Pro customers struggle to find skilled workers. Across the U.S., the need for highly skilled

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Securing your Assets from the Ground Up

Criminal Trespass, Marketing Scams and Other Fraudulent Activities By Suzanne Andresen In last month’s issue of REI INK magazine, we had two terrific articles about technology and what strategies are currently available to protect your assets. The cover story from Swidget focused on the use of their smart home devices that can help ensure that both landlord and tenant experiences can be positively influenced with the use of technology. Also

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