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Zillow analyst names culprit of flat home sales, high housing prices
- Home sales are slightly increasing and mortgage costs are dropping nationwide according to a Zillow report.
- Orphe Divounguy warned against making optimistic assumptions from a single monthly report.
- Home sales remain about 20% below pre-pandemic levels mainly due to a 19% lower inventory of homes for sale.
- The main housing market constraint is the lack of homes to sell, which can be addressed by updating land use restrictions.
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45 Articles
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Zillow analyst names culprit of flat home sales, high housing prices
(The Center Square) – Home sales are increasing slightly and mortgage costs are dropping across the nation, a new Zillow report reveals. Yet both the price of sold homes and the cost of rent continue to rise, illustrating what many…
Coverage Details
Total News Sources45
Leaning Left5Leaning Right13Center25Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
12%
C 58%
R 30%
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