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News Updates

Bright MLS September 2024 Housing Report: Falling Mortgage Rates Bring More Buyers

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New pending sales higher while prices continue to rise Conditions are improving for buyers in the Mid-Atlantic. Mortgage rates have fallen, inventory is increasing, and buyers have more time to make a decision. While the market is still competitive, this fall will be a better market than buyers have seen in quite some time. Mortgage rates fell to a 20-month low in September and are now just above 6%. The

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Incenter Insurance Solutions’ Profit Sharing Renters Program Turns Property Owners’ Risks into Revenue

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Innovative Program is also a Boon for Renters, Who Can Forgo Security Deposits, Protect their Belongings and Keep their Pets Incenter Insurance Solutions, a national broker, announced a new Profit Sharing Renters Program that enables property owners and property managers to capitalize on the burgeoning rental market while reducing their risks and increasing their revenues. The innovative coverage package is designed for property owners and property managers responsible for 1,000

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U.S. FORECLOSURE ACTIVITY DECREASES IN Q3 2024

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Foreclosure Starts Down 10 Percent from Last Year; Bank Repossessions Down 12 Percent from Last Year ATTOM, a leading curator of land, property data, and real estate analytics, released its Q3 2024 U.S. Foreclosure Market Report, which shows a total of 87,108 U.S. properties with a foreclosure filing during the third quarter of 2024, down 2 percent from the previous quarter and down 13 percent from a year ago. The report also shows a

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Newsweek Names Cornerstone Building Brands Among America’s Greatest Workplaces 2024

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Third Newsweek Award in 2024 Recognizes Cornerstone Building Brands’ Commitment to Fostering a Positive and Supportive Work Environment Cornerstone Building Brands, Inc. (“Cornerstone Building Brands”), a leading manufacturer of exterior building products in North America, has been named one of America’s Greatest Workplaces for 2024 by Newsweek. Compiled in partnership with market data research firm Plant-A Insights, the list is established by conducting a large-scale employer study based on more than 1.5

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CoreLogic: Final Estimated Damages for Hurricane Helene to be Between $30.5 Billion and $47.5 Billion

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Total insured loss estimated at $10.5 to $17.5 billion CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, announced its updated and final damage estimates for Hurricane Helene. According to this new and final data analysis, total flood and wind losses are between $30.5 billion and $47.5 billion. This estimate includes wind loss as well as insured and uninsured storm surge and inland flood loss for residential and

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Yardi Matrix Introduces Affordable Housing Coverage with First Market Conditions Report

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New study pinpoints affordable market challenges while offering increased transparency The need for additional affordable housing inventory is a foundational issue for the market, a new Yardi® Matrix Research Bulletin on the affordable housing sector shows. With an increasing number of households being designated as “cost burdened” across earning brackets, policymakers are pushing for more affordable stock, with an expected 69,600 units set to come online in 2024. A multi-year peak for

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