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Market Studies

Inventory Finds New Low in November

If you thought the housing supply hit rock bottom in February, you thought wrong. According to a new report from Redfin, the number of homes available for sale fell by another 38,000 units finding a new low by the end of November suggesting more hardships for burnt-out ...

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House-Buying Power Exceeds Median Home Prices in Most Markets

First American Financial Corporation has released its latest iteration of their Real House Price Index (RHPI) for September which measures the price changes of single-family properties across national, state, and metropolitan areas, which are adjusted based on income, interest rates, and home-buying power. The ultimate goal of this is to provide ...

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Bidding Wars Trend Down, But Remain High

While bidding wars reached a pandemic peak in April, 60.3% of all offers written by Redfin in October experienced a bidding war, down from the 60.4% in September.  While the decrease in bidding wars is meager, Redfin expected this trend to continue from September due ...

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Fraud Risk Down Due to More Refinance Volume

The CoreLogic Quarterly Mortgage Fraud Brief is a quarterly report that analyzes the top metropolitan areas with the highest mortgage fraud risk based on the company’s research of trends found in residential mortgage loan applications processed through its LoanSafe Fraud Manager.  According to the report, authored by Bridget ...

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Average Rent and Mortgage Payments Rise

As the economy continues to see consumer prices for everything rise across the board, rent and mortgage rates have also increased with some cities seeing a 30% increase in rent prices since last year.  According to Redfin, the average national rent price has increased ...

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