‘Positive-Only’ Rent Payment Reporting

‘Positive-Only’ Rent Payment Reporting Since on-time rent payments are rarely included in credit reports, they usually don’t contribute to a consumer’s credit score, which can be a disadvantage to renters who make their payments on time. Read More Multi-Housing News https://www.multihousingnews.com/fannie-mae-pilots-positive-only-rent-payment-reporting-program/

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Seattle’s Once Red-hot Housing Market Is Cooling Down

Seattle’s Once Red-hot Housing Market Is Cooling Down Inventory is up, prices are down but buyers are backing out of the Seattle housing market. Emerald City just scored the top spot on Redfin’s list of fast-cooling real estate markets in… Read More KIRO 7 https://www.kiro7.com/news/local/seattles-once-red-hot-housing-market-is-cooling-down/VQ233RJQC5ESZPHDYXFOGLDMOM/

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9/30/22 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Purchase loan applications slip 0.4 percent from previous week, down 29 percent year-on-year The Market Composite Index for mortgage applications decreased 3.7 percent on a seasonally adjusted basis from one week earlier, with purchase loans falling 0.4 percent (and down 29 percent year-on-year) and refinance activity falling 11 percent (and down 84 percent year-on-year). The adjustable-rate mortgage (ARM) share of activity increased to 10.4 percent of total applications. The average contract interest rate for 30-year fixed-rate mortgages increased to 6.52 percent from 6.25 percent.…

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How Has Working from Home Affected the Housing Market?

How Has Working from Home Affected the Housing Market? Home building activities have shifted from higher density core areas to low-density and low-cost markets since the beginning of the COVID-19 pandemic. Read More NAHB https://www.nahb.org/blog/2022/09/how-has-working-from-home-affected-the-housing-market

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9/28/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   New home sales rebound 28.8 percent in August but mostly flat year-on-year Sales of new single‐family houses in August 2022 were at a seasonally adjusted annual rate of 685,000, up 28.8 percent from July but mostly flat year-on-year, down 0.1 percent. Months of inventory fell from 10.4 to 8.1 months between July and August vs. 6.5 months in August 2021. The median sales price was $436,800, down 6.3 percent from July but up 8.0 percent year-on-year. The average sales price was $521,800, also…

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Bathroom Remodelers Reveal Top Trends

Bathroom Remodelers Reveal Top Trends According to a Houzz study, transitional style (a hybrid of traditional and contemporary or modern) overtook modern and contemporary styles as the design style favored by 25%. Read More Mercury News https://www.mercurynews.com/2022/09/22/houzz-2022-study-bathroom-remodelers-reveal-top-trends/

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L.A. Design Trends: Why the Circular Sofa is Having a Moment

L.A. Design Trends: Why the Circular Sofa is Having a Moment A circular sofa creates an atmosphere of its own and implies that your living room is cavernous enough to accommodate a second, smaller living room within it. Read More Los Angeles Times https://www.latimes.com/lifestyle/image/story/2022-09-27/design-trend-analysis-why-we-love-circular-couches

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Mattamy Homes Begins Sales at Buckhorn Creek, a Single-Family Community in Holly Springs, North Carolina

Mattamy Homes Begins Sales at Buckhorn Creek, a Single-Family Community in Holly Springs, North Carolina Buckhorn Creek brings exclusive, single-family living with large wooded homesites to Wake County Read More Mattamy Homes https://mattamyhomes.mediaroom.com/2022-09-28-Mattamy-Homes-Begins-Sales-at-Buckhorn-Creek,-a-Single-Family-Community-in-Holly-Springs,-North-Carolina?pagetemplate=widgetpopup

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