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Real estate daily market update: October 6, 2017

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We’ll add more market news briefs throughout the day. Check back to read the latest.

Most recent market news

Thursday, October 5

Freddie Mac Primary Mortgage Market Survey shows highest average 30-year fixed mortgage rate in six weeks

News from earlier this week

Tuesday, October 3

Home Price trends from CoreLogic through August 2017

CoreLogic Home Price Insights

Corelogic Chief Economist Frank Nothaft said in the report, “While growth in home sales has stalled due to a lack of inventory during the last few months, the tight inventory has actually helped stabilize price growth. Over the last three years, price growth in the CoreLogic national index has been between 5 percent and 7 percent per year, and CoreLogic expects home prices to increase about 5 percent by this time next year.”

“Nearly half of the nation’s largest 50 markets are overhauled. The lack of real estate affordability has spread beyond the typically expensive coasts into the interior of the nation, hitting cities such as Denver, Nashville, Austin and Dallas.”

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