REI INK

Redfin Reports 28% of Houses For Sale Are Newly Built, the Lowest Share in 3 Years

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New-construction homes are making up a smaller portion of total inventory as builders back off and more homeowners list their houses for sale Newly built homes made up 28% of single-family homes for sale nationwide in the third quarter, the lowest level in three years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down from 30.5% a year earlier and a record-high 34.4% at the start

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Buying like it’s 2021: Nearly half of recent buyers have a mortgage rate below 5%

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New Zillow survey data finds many buyers are securing lower mortgage rates from home builders, sellers, or borrowing from friends or family members Almost half of recent home buyers with a mortgage secured a rate below 5%, a recent Zillow® survey shows. Current mortgage rates are hovering near 7%, yet many home buyers who purchased a home in the past year thought outside the box to unlock homeownership. Mortgage rates surged from historic

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S&P CORELOGIC CASE-SHILLER INDEX RECORDS 4.2% ANNUAL GAIN IN AUGUST 2024

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S&P Dow Jones Indices (S&P DJI) released the August 2024 results for the S&P CoreLogic Case-Shiller Indices. The leading measure of U.S. home prices recorded a 4.2% annual gain in August 2024, a slight decrease from previous levels in 2024. More than 27 years of history are available for the data series and can be accessed in full by going to https://www.spglobal.com/spdji/en/index-family/indicators/sp-corelogic-case-shiller/. YEAR-OVER-YEAR The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering

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ZOMBIE FORECLOSURES REMAIN SPARCE AROUND U.S. IN FOURTH QUARTER AMID ONGOING STRONG HOUSING MARKET

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Zombie-Property Trends Follow Decrease in Overall Foreclosure Cases ATTOM, a leading curator of land, property data, and real estate analytics, released its fourth-quarter 2024 Vacant Property and Zombie Foreclosure Report showing that 1.4 million (1,355,909) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 77 homes, across the nation – virtually the same as in third quarter and up just slightly from a year ago. The

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ServiceLink Welcomes Hemanth Panyam As Senior Vice President of Product Innovation

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ServiceLink is reinforcing its commitment to innovative technology enhancements and expanding its best-in-class products and services with the appointment of Hemanth Panyam as its senior vice president of product innovation. Panyam, a data-oriented, hands-on leader, has more than 20 years of product innovation, management and strategy experience. Over the course of his career, he launched multiple 0-1 products and scaled numerous SaaS technology products for some of the nation’s largest

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Roughly 4 in 5 U.S. Residents Believe There Should be Caps On Rent Hikes

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The vast majority of respondents to a recent Redfin survey believe there should be caps on the amount landlords are allowed to increase rent, regardless of whether they’re Democrats or Republicans—however, Redfin economists say rent control worsens housing affordability in the long run More than four of every five U.S. residents (82%) believe there should be caps on the amount landlords are allowed to increase rent, according to a new survey commissioned

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