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Redfin Reports Only 16% of Home Listings Were Affordable for the Typical Household in 2023

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Housing affordability is expected to improve in 2024 as mortgage rates fall and more homes go up for sale Just 15.5% of homes for sale in 2023 were affordable for the typical U.S. household—the lowest share on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down from 20.7% in 2022 and more than 40% before the pandemic homebuying boom. The number of affordable homes for sale also

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HOME AFFORDABILITY REMAINS DIFFICULT ACROSS U.S. DURING FOURTH QUARTER EVEN AS PRICES DIP DOWNWARD

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Major Home-Ownership Expenses Again Require One-Third of Average Wage Nationwide, a 16-Year High;Historical Affordability Also Stays at Worst Point Since 2007;But Both Measures End Nearly Three-Year Slide Amid Mixed Trends in Home Prices and Mortgage Rates ATTOM, a leading curator of land, property, and real estate data, released its fourth-quarter 2023 U.S. Home Affordability Report showing that median-priced single-family homes and condos remain less affordable in the fourth quarter of 2023

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How Americans surfed Zillow in 2023

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Analysis of 250 billion queries on Zillow reveal top search terms After analyzing more than 250 billion search queries, Zillow® has compiled the top search terms for 2023, showing the wide range of desires and preferences among America’s home shoppers. Earlier this year, Zillow introduced an AI-powered natural language search feature that lets home shoppers search for homes in a conversational way, similar to how they talk to family or friends. This

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Boxabl Announces Factory Built Certification Approval for Arizona

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Boxabl has passed the required testing, and can now sell its Casitas/housing modules as factory-built homes in the State of Arizona. This is a significant step to bring affordable housing to the much-needed, highly underserved housing market.     “This is a major milestone for Boxabl and brings us much closer to our goal of providing affordable housing to the masses”, said Galiano Tiramani, Boxabl co-founder. “This hard-won approval for the State of Arizona is

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Inaugural Neighborhood Stabilization Report Shows Community Impact of Distressed PROPERTY Dispositions

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Auction.com, the nation’s leading distressed real estate marketplace, released its 2023 Neighborhood Stabilization Report, a first-ever report that shows distressed properties sold on a transparent auction platform produce higher homeownership rates, more value added during renovation and shorter renovation timelines than distressed properties sold in the traditional retail market. To view the full report, visit: https://www.auction.com/lp/in-the-news/2023-neighborhood-stabilization-report/ Those findings are based on an analysis of nearly 325,000 distressed property dispositions nationwide over

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Dwellsy Comp Report – Powered by DwellsyIQ

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In the realm of real estate, accurate and comprehensive data is the cornerstone of making informed decisions. That is where DwellsyIQ shines. As the driving force behind Dwellsy’s Comp Reports, DwellsyIQ brings a robust data aggregation capability to the table, amassing data from the largest pool of listing data. Strategize Pricing with Precision Imagine a world where every pricing decision you make is backed by robust market analysis. Discover the average cost

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