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Rate drops, more inventory add intrigue to housing ‘offseason’

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Competition among buyers is likely to extend into the fall thanks to improved affordability Lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year, according to the latest market report from Zillow®. Affordability has improved substantially for home buyers, and competition among them could extend into the fall instead of fading away as is typical at this time of year. “Late summer

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Next-Gen Property Valuations

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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

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

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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.

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

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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

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

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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

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

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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,

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