WORD OF THE DAY: Zonk

[zoNGk] Part of speech: Verb Origin: of imitative/echoic origin, mid-20th century Definition: Fall or cause to fall suddenly and heavily asleep or lose consciousness; Hit or strike. Examples of Zonk in a sentence “Nothing makes me zonk out quite as quickly as NyQuil.” “The bowl zonked Cheryl when she tried to grab it from the top shelf.” About Zonk Zonk is a slang, onomatopoeic term from the mid-20th century with unknown origin. Did you Know?

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Black Knight: Against Sharpest Monthly Home Price Drop in 11 Years, Tappable Equity Backs Off Q2 Peak

Annual home price growth shifted from deceleration to decline in July as the median home price fell 0.77% from June – the largest single-month decline since January 2011 More than 85% of the 50 largest U.S. markets are at least marginally off their peaks through July, with home prices down by >1% in a third, and more than one in 10 seeing prices fall by 4% or more Tappable equity –

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Walker & Dunlop Expands Affordable Housing Platform with Addition of New Investment Sales Team

Walker & Dunlop, Inc. announced that it is expanding the capabilities of its affordable housing platform with the creation of a dedicated affordable investment sales team. The eleven-member team, led by Managing Directors Aaron Hargrove and Eric Taylor, formerly of Greystone Real Estate Advisors, brings invaluable experience and relationships in the affordable housing space and will play a strategic role in helping Walker & Dunlop further its mission of empowering clients to create, preserve

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WORD OF THE DAY: Quisquous

[KWIS-kwəs] Part of speech: Adjective Origin: Unknown, 17th century Definition: Difficult to deal with or settle; perplexing; (of a person) of dubious character. Examples of Quisquous in a sentence “I wanted to trust him, but also knew that he had a quisquous reputation.” “She tried to be patient but knew that her friend was quisquous.” About Quisquous While we know that quisquous is a Scottish word that first came into use around the 17th century,

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Redfin Reports More Sellers Retreat Amid Falling Prices, Volatile Mortgage Rates

The average sale-to-list ratio fell below 100% for the first time since March 2021 and the share of homes with a price drop came down from its record high. The average home sold for less than its list price for the first time in over 17 months during the four-week period ending August 28, as the housing market cooldown continued. That’s according to a new report from Redfin (redfin.com), the technology-powered real

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Foreclosure Starts Decrease 4%

Completed Foreclosures Also Decrease 5% from Last Month By ATTOM Staff ATTOM, a leading curator of real estate data nationwide for land and property data, released its July 2022 U.S. Foreclosure Market Report, which shows there were a total of 30,358 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 4% from a month ago but up 143% from a year ago. “While it’s

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