Realty Biz News Daily: Thu, March 13, 2025<\/b><\/p>\n
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The U.S. housing market: the 1% could scoop up every home, Texas teachers bet big, cheap states draw buyers, and Hampton Roads bucks the slump. Four updates today.<\/span><\/i><\/p>\n <\/p>\n <\/span><\/h2>\n The richest 1% hold $49.2 trillion\u2014enough to buy nearly every U.S. home (<\/span>Newsweek<\/span><\/i> [1]). That\u2019s 13.4% of all real estate, with just 12.3% of their wealth tied to property. Home prices jumped as demand outran supply, worsened by mortgage rates hitting 6.68%. The top dogs owe only $411.5 billion in loans, while the bottom 50% carry $3.1 trillion. The top 0.1% alone could snap up the 25 biggest metro markets. For pros, it\u2019s a wealth gap red flag; for regular folks, it\u2019s why homes feel out of reach.<\/span><\/p>\n <\/p>\n <\/span><\/h2>\n Texas teachers are diving into real estate with a $100 million stake in the CS Bevo I fund (<\/span>IPE Real Assets<\/span><\/i> [2]). Run by CSF Asset Management, it\u2019s an \u201copportunistic\u201d play\u2014think high-risk, high-reward properties. The Teacher Retirement System also dropped $100 million each into energy funds, but Bevo\u2019s the housing star here. It\u2019s a bet on distressed or undervalued assets amid a shaky market. Pros see potential upside; everyday readers, it\u2019s retirees\u2019 money chasing homes you might live in.<\/span><\/p>\n <\/p>\n <\/span><\/h2>\n With prices soaring and sales at a 30-year low, buyers are eyeing cheaper states (<\/span>Redfin<\/span><\/i> [3]). Iowa leads at $227,500 median price, followed by Ohio ($231,400), Oklahoma ($236,700), West Virginia ($243,100), and Michigan ($248,000). Monthly payments range from $1,225 (West Virginia) to $1,521 (Michigan)\u2014a steal vs. coastal norms. Tulsa offers grants; Des Moines lures with jobs. For investors, it\u2019s a shift from pricey hubs; for house hunters, it\u2019s where cash still buys walls.<\/span><\/p>\n <\/p>\n <\/span><\/h2>\n Hampton Roads\u2019 housing market shines despite a national dip (<\/span>Yahoo News<\/span><\/i> [4]). The 2024 average resale price hit $391,477, up 6.5% from 2023, thanks to ports, tourism, and federal gigs. Inventory\u2019s tight\u20143,946 homes vs. 9,000+ agents\u2014but luxury sales soared, with 550+ homes over $1 million. New builds dropped 26% since 2021, existing sales 37%, yet demand holds. Rates easing below 7% fuel hope for 2025. It\u2019s a regional win\u2014locals keep the market humming.<\/span><\/p>\n Four slices, one story: wealth tilts, funds flow, bargains beckon, and ports power on. Next week might show who\u2019s gaining\u2014or losing\u2014ground.<\/span><\/i><\/p>\n <\/p>\n Sources:<\/span><\/i><\/p>\n Realty Biz News Daily: Thu, March 13, 2025 The U.S. housing market: the 1%…<\/p>\n","protected":false},"author":1,"featured_media":331,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-facts"],"_links":{"self":[{"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/posts\/330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/comments?post=330"}],"version-history":[{"count":1,"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/posts\/330\/revisions"}],"predecessor-version":[{"id":332,"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/posts\/330\/revisions\/332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/media\/331"}],"wp:attachment":[{"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/media?parent=330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/categories?post=330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/tags?post=330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Wealth Wave: U.S. Elite Power<\/span><\/p>\n
Fund Flex: Texas Cash Move<\/span><\/p>\n
Budget Boost: Affordable States<\/span><\/p>\n
Port Pull: Virginia\u2019s Steady Climb<\/span><\/p>\n
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