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Home Values in 0.1% Decline During September

Home Values in 0.1% Decline During September

by Phil Hall | Oct 12, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. home values took a miniscule – but still unexpected – decline of 0.1% from August into September, according to new data from Zillow Group (NASDAQ:Z. ZG). Nonetheless, the typical home value is currently $350,091, up roughly 2% year-over-year, while 31 of the 50...
Foreclosure Filings Up During Q3

Foreclosure Filings Up During Q3

by Phil Hall | Oct 12, 2023 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 124,539 residential properties carried foreclosure filings during the third quarter of this year, according to new data from ATTOM. This is up 28% from the second quarter and up 34% from one year ago. A total of 37,679 properties had foreclosure filings in...
Search by School Feature Added to Zillow App

Search by School Feature Added to Zillow App

by Phil Hall | Oct 11, 2023 | Current News & Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Zillow Group (NASDAQ: Z, ZG) has added a search by school feature to the Zillow app that enables users to locate properties within specific school attendance zones or districts. The search by school feature can be accessed through the Zillow search bar and offers...
Mortgage Credit Availability Up Slightly in September

Mortgage Credit Availability Up Slightly in September

by Phil Hall | Oct 10, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability increased in September, according to the Mortgage Bankers Association (MBA). The MBA’s Mortgage Credit Availability Index (MCAI) increased by 0.6% to 97.2 last month; the index was benchmarked to 100 in March 2012. Both the Conventional...
Fannie Mae’s Home Purchase Sentiment Index Sinks Under Mortgage Rate Pressure

Fannie Mae’s Home Purchase Sentiment Index Sinks Under Mortgage Rate Pressure

by Phil Hall | Oct 9, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The pressure from elevated mortgage rates drove down the Home Purchase Sentiment Index in (HPSI) last month, according to Fannie Mae (OTCQB:FNMA). Last month’s HPSI sank by 2.4 points to 64.5, with five of the HPSI’s six components decreasing month-over-month,...
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