News Updates

Zillow predicts more homes for sale, improved affordability in 2024

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Home buying will remain expensive, so expect a competitive market for homes that need some work and for single-family rentals The housing market’s headline news this year has been the affordability challenge brought on by mortgage rates reaching 20-year highs. Looking ahead to 2024, Zillow® predicts home buyers will have a bit more breathing room — but only a bit. Buying a home will remain expensive, keeping pressure on the rental market

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Prices rise nationally by more than 64% over the past decade The cost of home repairs and remodeling in the third quarter of 2023 jumped by 6.6% nationally compared to a year earlier according to the new Verisk Remodel Index. Costs rose 1.7% from the second quarter of 2023 and are at the highest levels in the past decade, rising over 64% from the first quarter of 2013. The Verisk

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Residential Loans Drop 3 Percent After Brief Second-Quarter Surge; Purchase and Home-Equity Lending Both Down 7 Percent Following Earlier Gains; But Refinance Activity Rises for Second Straight Quarter ATTOM, a leading curator of land, property, and real estate data, released its third-quarter 2023 U.S. Residential Property Mortgage Origination Report, which shows that 1.54 million mortgages secured by residential property (1 to 4 units) were issued in the United States during the

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The median monthly mortgage payment has fallen more than $100 over the last month as rates dropped from 8% to 7.3%. Buyers are acting on the good news: Mortgage-purchase applications increased 4% this week to their highest level in six weeks. This week has brought some hopeful news for homebuyers, with new listings posting their biggest year-over-year increase since 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate

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Increasing Adoption of Remote Online Notarization and Digital Real Estate Transactions The “US Real Estate Appraisal Market: Insights and Forecast (2023-2028)” report has been added to ResearchAndMarkets.com’s offering. The US real estate evaluation market has seen significant changes in recent years, as technology has become increasingly important in the appraisal process. Today, many appraisers obtain and assess property information using digital techniques such as aerial imagery, 3D modelling, and data analytics, allowing them to

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Median Home Values Increase in Majority of Opportunity Zones Targeted for Economic Redevelopment Around U.S.; Price Trends Inside Zones Continue to Roughly Match Broader Market Patterns; Opportunity Zone Home Values Again Improve Slightly More Than Elsewhere ATTOM, a leading curator of land, property, and real estate data, released its third-quarter 2023 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of