{"id":2334,"date":"2020-09-29T23:38:47","date_gmt":"2020-09-29T23:38:47","guid":{"rendered":"https:\/\/movity.com\/?p=2334"},"modified":"2022-06-07T14:29:26","modified_gmt":"2022-06-07T14:29:26","slug":"real-estate-statistics","status":"publish","type":"post","link":"https:\/\/movity.com\/blog\/real-estate-statistics\/","title":{"rendered":"23 Impressive Real Estate Statistics"},"content":{"rendered":"
[vc_row][vc_column][vc_column_text]Real estate – one of the fastest-growing industries today. Why is that important to you?<\/span><\/p>\n First, the roof over your head is part of the game. Second – play your cards right and real estate can be quite the generous source of income.<\/span><\/p>\n Learn the basics of today\u2019s state of the industry, get the facts on:<\/span><\/p>\n [\/vc_column_text][vc_column_text]Understand the industry to get the most out of it.<\/span><\/p>\n Let\u2019s dig through some of the most insightful <\/span>real estate statistics<\/span>. <\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Fascinating Real Estate Stats (Editor\u2019s Choice)” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_column_text]<\/p>\n [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”General Real Estate Statistics” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes”][vc_column_text]Below you will find the stats and facts for the most expensive cities in the USA at the moment.\u00a0<\/span><\/p>\n (Source: Trading Economics)<\/span><\/p>\n Manhattan exceeds the million-dollar mark on some of the homes to buy.<\/span><\/p>\n (Source: Trading Economics)<\/span><\/p>\n The employment rate for this lovely city is just under 1.9% as of May 2019. Your home can cost, on average, $ 820 000.00.<\/span><\/p>\n (Source: Trading Economics)<\/span><\/p>\n This is just an idea of how much your living costs will be if you choose to live in Hawaii.<\/span><\/p>\n (Source: Trading Economics)<\/span><\/p>\n The 6 country region has had a bit of a bump the last couple of months. California home sales stats<\/strong><\/a> suggest the<\/span> California housing market of new and resale houses that were sold in California has climbed by 10.4% this year. <\/span>[\/vc_column_text][vc_single_image image=”2340″ img_size=”large” alignment=”center”][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Real Estate Trends 2020″ font_container=”tag:h3|text_align:center” use_theme_fonts=”yes”][vc_column_text]The real estate trends for 2020 are fascinating. <\/span>The real estate trends 2020 <\/span>are both positive as well as negative. The real estate prices will continue to skyrocket due to a few factors. One such factor that we cannot ignore is the downturn of the economy.\u00a0<\/span><\/p>\n (Source: Finance online)<\/span><\/p>\n Millennials are comfortable with the increase of home prices, but some sectors express their worries that there might be a housing crash coming out way.\u00a0<\/span><\/p>\n (Source: Finance online)<\/span><\/p>\n It is estimated that these cities will increase your investment as time goes by.\u00a0<\/span><\/p>\n (Source: Finance online)<\/span><\/p>\n Millennials are the way of the housing future. Their housing income is around <\/span>$ 88 200.00.<\/b> Their way of buying homes is to research the <\/span>housing market trends<\/strong><\/a> online before they contact anyone about purchasing or even looking at the home in person. They look for homes in areas that are affordable and still close to bustling cities where their dreams and aspirations can come true.\u00a0<\/span><\/p>\n Affordable housing stats<\/strong><\/a> indicate the need for more affordable housing will be significant in 2020. At the moment, house rents are 59% higher than home purchases. Increased home prices and mortgage rates are making the market unattainable for some sectors. Affordable homes have proven to be scarce.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Real Estate Sale Prices” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes”][vc_column_text]<\/p>\n (Source: National and Metro Housing Indicator)<\/span><\/p>\n The average <\/span>home prices statistic <\/span>for February 2019 was around $249.000. The mortgage interest rate has increased since then. <\/span>4.4%<\/b> increase for a 15-year mortgage and an astonishing <\/span>5%<\/b> for a 30-year mortgage.<\/span><\/p>\n (Source: Urban)<\/span><\/p>\n (Source: Forbes)<\/span><\/p>\n Real estate prices<\/span> should tick up by <\/span>5.6%<\/b> by next September. Last year there was only a <\/span>3.5%<\/b> increase. Millennials will continue to buy homes, whereas Boomers will hold up inventory.<\/span>[\/vc_column_text][vc_single_image image=”2338″ img_size=”large” alignment=”center”][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Real Estate Agent Statistics” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes”][vc_column_text]Real estate agents<\/span> have been around for a very long time. They have been the ones to help you find your perfect home. As the times are changing, so are we in terms of buying homes and turning into homeowners.\u00a0<\/span><\/p>\n (Source: Finance online)<\/span><\/p>\n People are starting to go with the times and buy and view homes online instead of using the conventional way of contact and viewing homes with a real estate agent. Only <\/span>17%<\/b> of all home buyers contacted a sales agent before going online.\u00a0<\/span><\/p>\n (Source: Finance online)<\/span><\/p>\n You need to ensure that your website, as well as your advertisements, can be viewed nicely on a mobile phone.<\/span><\/p>\n This goes to show that the internet is the way of the future. It is estimated that by the year 2025 real estate management software market will reach around <\/span>$ 12.89 billion.<\/b>\u00a0<\/span><\/p>\n This number doesn’t seem impressive at all since the opportunities that real estate marketing<\/a><\/strong> offers are endless. It is expected that this trend changes for the better in the following years.<\/p>\n (Source: Learn.g2)<\/span><\/p>\n (Source: Learn.g2)<\/span><\/p>\n You should always take the time and learn how to target the right audience for your area before you spend your well-earned money and see no return.\u00a0<\/span><\/p>\n (Source: Placester)<\/span><\/p>\n An interesting observation in real estate, which is also shown in some articles about <\/span>real estate jobs<\/span><\/a><\/strong>, is that different areas require different working hours and dedication. <\/span><\/p>\n (Source: National Association of Realtors)<\/span><\/p>\n According to the <\/span>National Association of Realtors (NAR) statistics<\/span>, it is very important that you have a good marketing strategy that can, for example, include a well-written realtor bio<\/span><\/a><\/strong>. However, it is crucial to treat your clients well, as word of mouth is one of your strongest assets in this business.\u00a0<\/span>[\/vc_column_text][vc_single_image image=”2339″ img_size=”large” alignment=”center”][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Real Estate Marketing Statistics” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes”][vc_column_text]Marketing is one of the most powerful tools that you have at your disposal when it comes to selling or purchasing a house of any kind. You need to make sure that you are targeting the right people for the property you wish to sell.\u00a0<\/span><\/p>\n (Source: Learn.g2)<\/span><\/p>\n It’s power of good marketing on the internet.<\/span><\/p>\n (Source: Learn.g2)<\/span><\/p>\n People are becoming more aware of what they want, what they can afford, and who they want to buy their homes from.<\/span><\/p>\n (Source: Learn.g2)<\/span><\/p>\n There is a new way in which people are viewing their homes. Virtual house tours are becoming more and more popular these days. Using <\/span>video marketing<\/span> tools and virtual real estate<\/a>, in general, can save you a lot of time. People who cannot run around all day looking at different homes tend to choose homes that have this option as opposed to a house on sale that does not.\u00a0<\/span><\/p>\n <\/p>\n (Source: Learn.g2)<\/span><\/p>\n In 2019, the median number of days in which a property is on the market for before it gets sold is around 40 days.<\/span><\/p>\n (Source: Learn.g2)<\/span><\/p>\n Facebook is one of the fastest and easiest ways for you to reach your target audience these days. 84.6% of real estate agents and brokers tend to use Facebook for their social media platforms. You will find that more people are finding and buying things through social media before calling an agent and looking on websites.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Commercial Real Estate Statistics” font_container=”tag:h3|text_align:center” use_theme_fonts=”yes”][vc_column_text]When we talk about <\/span>commercial real estate<\/span>\n
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1. <\/span>New York City<\/b> – The average cost of a home in New York is $501 000.00.<\/span><\/h4>\n
2.<\/span> San Francisco <\/b>– It takes more than $ 119 000.00 to live comfortably in San Francisco.<\/span><\/h4>\n
3.<\/span> Hawaii <\/b>– People in Honolulu pay 87% more than your average American for a dozen eggs.\u00a0<\/span><\/h4>\n
4.<\/span> California <\/b>– The price hit $ 533 000.00 but took a bit of a knock from September 2018 by 2.5%.\u00a0<\/span><\/h4>\n
5. 45% of homes to be upper- and middle-upper class to satisfy Millennials preferences.<\/span><\/h4>\n
6. The top 5 cities for real estate investment in 2019 are: <\/span>Dallas, Brooklyn, Durham, Orlando<\/b>, and <\/span>Nashville<\/b>.<\/span><\/h4>\n
7. The real estate industry received <\/span>$ 470.7billion<\/b> in 2018!<\/span><\/h4>\n
8. The average housing price for the USA is around $ 315 000.00 as of May 2019.<\/span><\/h4>\n
9.<\/span> 80%<\/b> of the FHA\u2019s purchase loans go to first time home buyers.<\/span><\/h4>\n
10. <\/span>Real estate sales prices<\/span> to rise by 5.6% by September 2020.\u00a0<\/span><\/h4>\n
11.<\/span> 44%<\/b> of homebuyers in 2018 went online to shop for their homes.\u00a0<\/span><\/h4>\n
12.<\/span> 46%<\/b> of Generation X found their homes via their mobile devices.\u00a0<\/span><\/h4>\n
13.<\/span> 31.5% of brokers and <\/span>real estate agents<\/span> plan to spend more than $400 a month on real estate marketing.<\/span><\/h4>\n
14. 46.4% of <\/span>real estate agents<\/span> feel that the biggest challenge when it comes to their job is generating enough high-quality leads.\u00a0<\/span><\/h4>\n
15.<\/span> 49% of agents say that they are working 40 or more hours per week, whereas 22% say that they are working less than 30 hours a week.<\/span><\/h4>\n
16.<\/span> 17% of agents get their business from referrals and only 13% from their returning customers.\u00a0<\/span><\/h4>\n
17.<\/span> According to the <\/span>National Association of Realtors<\/span> in 2018, 50% of buyers found their homes through the internet, and 28% of them found their homes through their real estate agent.<\/span><\/h4>\n
18.<\/span> Buyers are spending 3 days less searching for their homes in 2019 than they have in previous years.<\/span><\/h4>\n
19. 53-71 years old home-buyers prefer virtual tours.<\/span><\/h4>\n
20. Properties listed on a Thursday tend to sell for $ 3 015.00 more than a house listed on Monday.<\/span><\/h4>\n
21. 84.6% of real estate agents and brokers tend to use Facebook.<\/span><\/h4>\n