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News Updates

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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REAL ESTATE INVESTOR OPTIMISM CONTINUES TO GROW IN THE THIRD QUARTER ACCORDING TO FALL 2024 RCN CAPITAL INVESTOR SENTIMENT INDEX

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Investors predict that housing market conditions will continue to improve, and that Kamala Harris will be the victor in the 2024 Presidential election Real estate investor sentiment continued to improve, increasing by eight points from the previous quarter, according to the Fall 2024 RCN Capital/CJ Patrick Company Investor Sentiment Index™. Sixty-eight percent of investors viewed today’s market as better or much better than it was a year ago, compared to only 13% who felt it

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Redfin Reports Buyers Are Coming Back: Mortgage Demand Shoots Up, Home Tours Hit Highest Level Since May

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Mortgage-rate locks rose 68% from a month earlier in the days after the Fed announced its interest-rate cut. Many house hunters had been waiting for the Fed’s cut before locking in a mortgage rate. Homebuyers locked in nearly 70% more mortgages than they did a month earlier on September 23, according to a new report from Redfin, the technology-powered real estate brokerage. The report analyzes mortgage rate-lock data from Optimal Blue. The

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Simplist Technologies Officially Launches Sonar, the First-Ever Mortgage Experience Platform

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New platform exits beta, empowering mortgage professionals with a unified, AI-enhanced solution that optimizes processes, increases productivity and fosters seamless collaboration Simplist Technologies, the innovator behind the award-winning mortgage marketplace Simplist, is excited to announce the official launch of Sonar, the world’s first mortgage experience platform. This follows a successful beta phase with over 200 mortgage companies. Sonar seamlessly integrates loan origination system (LOS) and point-of-sale (POS) systems, providing mortgage professionals

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Zillow introduces First Street’s comprehensive climate risk data on for-sale listings across the US

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For-sale listings on Zillow will now feature detailed climate risk information for five key categories — flood, wildfire, wind, heat and air quality — along with insurance recommendations Zillow® is introducing climate risk data, provided by First Street, the standard for climate risk financial modeling, on for-sale property listings across the U.S. Home shoppers will gain insights into five key risks—flood, wildfire, wind, heat and air quality—directly from listing pages,

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HOME OWNERSHIP SLIGHTLY MORE AFFORDABLE ACROSS U.S. IN THIRD QUARTER BUT STILL DIFFICULT FOR AVERAGE WORKERS

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Major Home-Ownership Expenses Consume 34 Percent of National Average Wage; Portion Ticks Downward as Home-Price Spike Eases and Mortgage Rates Drop; Historical Affordability Also Inches Up While Remaining Weak ATTOM, a leading curator of land, property data, and real estate analytics, released its third-quarter 2024 U.S. Home Affordability Report showing that median-priced single-family homes and condos remain less affordable in the third quarter of 2024 compared to historical averages in 99 percent

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