Trending News: June 26, 2024

Existing home sales drop even as prices hit all-time highs. Also, the U.S. Treasury has launched initiatives to boost the housing supply. Finally, Federal regulators approve the final rule for AVM usage.

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Show Notes

Existing-home sales drop even as prices hit all-time high: NAR: The inventory of homes for sale continues to rise, but it hasn’t resulted in a pullback for home prices. Read more

U.S. Treasury launches initiatives to boost housing supply: A CDFI Fund program will allocate $100 million in three years to finance affordable housing. Read more

Federal regulators approve final rule for AVM usage: Among other things, the regulation states that these alternative appraisal models must comply with applicable nondiscrimination laws. Read more

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