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Median home list prices have been hitting a record pace—topping a $300,000 average in the United States, according to realtor.com® data. The rise in mortgage prices has come with a higher median cost for home loans, which is up nearly 20% to $229,000, over the past five years.
The percentage of home price appreciation on a year-over-year basis has decreased each month for over a year. The question was how far annual appreciation would fall. It seems we may now have the answer.
Real estate investing can offer a hedge against market volatility while enhancing diversification in a portfolio, but some sectors may outperform others. Retail has become a major question mark for investors amid the rising demand for online shopping with buyers turning to their browsers for purchases.
Long Island City in Queens, N.Y., may seem ideal for Amazon. Directly across the East River from Manhattan, it offers stunning views, easy access to transportation, and shiny new residential towers already rising by the water.
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