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News Updates

Digital Fraud in the Real Estate Industry

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Property Shield Helps to Remove Fraudulent Account In today’s digital age, the real estate sector is not immune to the sophisticated schemes that have emerged alongside technological advancements. One notable example was the exposure of a fraudulent Instagram account named ‘1timepaymenthomes.’ This account falsely promised the ability to rent a home through a single payment, misleading individuals into believing they could bypass the conventional, legal routes to renting a home.

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U.S. FORECLOSURE ACTIVITY SEES NOTABLE INCREASE IN JANUARY 2024

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Completed Foreclosures (REOs) Increase Monthly in 19 States;  Foreclosure Starts Up Monthly and Annually Nationwide ATTOM, a leading curator of land, property, and real estate data, released its January 2024 U.S. Foreclosure Market Report, which shows there were a total of 33,270 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – up 5 percent from a year ago, and up 10 percent from the prior month. “We observed a slight

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COST OF HOME REPAIRS INCREASES BY 5.5% FROM Q4 2022

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Price increases slowing nationally after surging due to supply chain disruption and increased demand during COVID-19 pandemic The cost of home repairs and remodeling in the fourth quarter of 2023 continued to increase, rising by 0.54% from the prior quarter and just over 5.5% from the fourth quarter of 2022 according to the Q4 2023 Verisk Remodel Index. Costs set new highs for the past decade, rising over 65% from

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U.S. Asking Rents Flatten After Pandemic Rollercoaster Ride

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Rents haven’t fluctuated much over the past year, rising 1% in January–a far cry from double-digit growth during the pandemic. The median U.S. asking rent rose 1.1% year over year to $1,964 in January, the largest annual increase since March 2023, and was unchanged from a month earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. While rents ticked up from a year earlier, the bigger picture

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Survey Finds Despite Cooling Rental Prices, Homeownership Remains Out of Reach for Many

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Fewer independent landlords are planning to raise rents this year, but tenants paying persistently higher rents say it’s likely to impact their home purchasing plans this year Over the past few years it’s become more expensive than ever to rent, and with rental affordability a pressing national concern, landlords and tenants alike say it’s impacting their future plans, according to a new Realtor.com® Avail Landlord & Renter Survey. Fewer surveyed independent landlords are planning to

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Top 10 states to which Gen Zers are moving (and the states they are leaving)

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New Zillow analysis finds Texas, California top the list of Gen Z relocation destinations Gen Z may prioritize job opportunities and sunshine over affordability when moving out of state. A new Zillow® analysis of the U.S. Census Bureau’s 2022 American Community Survey (ACS) finds Gen Z interstate movers flocked to California, even as the state experienced the highest outbound migration among all out-of-state movers.  Nearly 215,000 movers left California in 2022, yet the Golden State saw

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