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Executive Perspective: Multifamily market is hot, as rising housing prices lead to longer renter retention, especially in single-family rental market, says RealPage VP; 700,000+ apartment units being constructed, the highest level of activity in 40 years

Total count of US second homes reached 7.15 million in 2020, accounting for 5.11% of housing stock; Florida led stock of second homes with 1.04 million, or 10.8% of all second homes: NAHB

Typical US home sold during four-week period ended May 8 was on market for a record-low median of 15 days, down from 20.2 days a year ago; a record 57% of homes sold for more than list price, up from 48% in the same period a year earlier: Redfin

US median home price rose 14.2% year-over-year to a record US$425,000 in April; new listings fell 0.9% while active listings posted smallest annual decline since 2019 of 12.2%, a typical home sold in 34 days, 6 days faster than in April 2021: Realtor.com

Fannie Mae Home Purchase Sentiment Index down 4.7 points to 68.5 in April, the lowest level since May 2020; those saying it is a bad time to buy up to 76% from 73% in March, share saying it is a good time to sell decreased to 72% from 74%

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