REI INK

Next-Gen Property Valuations

  • by
  • Comment Off
  • 245 views

PropStream Announces New AVM & AI Innovations PropStream, the leading real estate data provider, announced another enhancement in its lineup of updates powered by machine learning AI—AI Property Values and AVM (Automated Valuation Model). By upgrading the Estimated Value function (AVM) powered by machine learning, PropStream can provide the most up-to-date property values by pulling them from several data sources and updating them with its machine learning AI as soon

Read More

Nearly Half of Prospective Home Buyers Struggle with Basic Home Costs, Worry About Home Insurance Affordability Amidst Extreme Weather

  • by
  • Comment Off
  • 297 views

Two Bright Spots: Almost Two in Three Expect Mortgage Rates to Drop; More Than Four in Ten Say 5% Mortgage Rates Would Compel Them to Buy Nearly half of prospective home buyers are struggling to pay basic home costs and say home insurance affordability is a major factor in where they decide to move, according to the results of a survey of 1,818 US adults across the country released today.

Read More

Expert Panel Predicts Home Price Growth Will Decelerate in 2024 and 2025

  • by
  • Comment Off
  • 224 views

Panel Also Shares Thoughts on Most Impactful Potential Policy Reforms to Boost Housing Supply Following home price growth of 6.0% in 2023, a panel of housing experts forecasts annual national home price growth of 4.7% in 2024 and 3.1% in 2025, according to the Q3 2024 Fannie Mae (OTCQB: FNMA) Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC. The HPES polls over 100 experts across the housing and mortgage industry

Read More

HOUSING MARKETS IN CALIFORNIA, NEW JERSEY AND ILLINOIS STILL HAVE ELEVATED RISK OF DOWNTURNS IN SECOND QUARTER OF 2024

  • by
  • Comment Off
  • 227 views

New York City and Chicago Areas Remain Vulnerable to Housing Issues Despite Strong Overall Markets; South Region Faces Less Exposure While West Has More ATTOM, a leading curator of land, property, and real estate data, released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, underwater mortgages and other measures in the second quarter of 2024. The

Read More

Inventory Peaks at Highest Levels Since COVID, Latest HouseCanary Report Shows

  • by
  • Comment Off
  • 198 views

A Seller’s Market Environment Continues to be Evident in the Housing Market, but Neutralization is on the Horizon with Inventory Levels Continuing to Rise Presumed September Interest Rate Cuts Is Anticipated to Free Buyers and Sellers from Previous Holding Patterns HouseCanary, Inc. (“HouseCanary”), a national brokerage known for its innovation and accuracy of real estate information, released its August Market Pulse Report, finding that inventory remains low from a historical perspective,

Read More

Falling Mortgage Rates Have Yet to Improve Home Sales, With Buyers Uncertain About NAR Settlement, Election

  • by
  • Comment Off
  • 214 views

Pending home sales posted their biggest decline in nearly a year, despite the median U.S. housing payment dropping to its lowest level in five months Pending home sales fell 6.9% during the four weeks ending August 25, the biggest annual decline in nearly a year according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s despite the median monthly U.S. housing payment falling to its lowest level since

Read More