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Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. One piece of good news last week was that the new listing data, which saw a significant collapse two weeks ago, rebounded excellently to return to a usual trend.

Inventory 449
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Existing home sales data shows extent of housing inflation

Housing Wire

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Existing home sales have more legs to go lower, especially now that new listing data is falling. It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52 from July to a seasonally adjusted annual rate of 4.80

Inventory 456
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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 384
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Facing Real Estate Challenges with GoFormz

GoForrmz

From ordering food to booking a ride, we can do just about anything at our fingertips. Buyers and sellers can be in completely different parts of the world and still access their contracts at any time! With GoFormz, you can instantly populate information into rental applications, contracts, and other documents.

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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 406
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My Forbes Column: Keeping Housing Market Results From The Public Is Never Justified: An Expansive View

Miller Samuel

I still have my old monthly MLS books and remember logging on to the MLS from one ancient (even then) terminal in the office - talk about delayed market information! When a potential home buyer looks at a listing on a public-facing web site, they look at DOM as one way to determine whether the listing price is reasonable.

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Remove all bathtubs from home?

Appraisal Today

Armour likely got the idea for the shape of his home from the book A Home for All by noted phrenologist, sexologist, and amateur architect Orson Squire Fowler. Fowler extolls the merits of octagonal structures over traditional square or rectangular dwellings in his book. The average contract interest rate for 5/1 ARMs increased to 6.38