In the mortgage industry, analysts are closely monitoring the latest trends in the housing market, particularly the recent increase in the price of new listings. This week, new listings saw a healthy jump, rising by 1% to reach $424,900. This significant increase is nearly 4% higher than the prices recorded a year ago, indicating a positive trend in the real estate market.

Key points:
– Price of new listings increased by 1% this week to $424,900
– Current prices are nearly 4% higher than prices recorded a year ago
– Analysts are closely monitoring this positive trend in the housing market, highlighting potential opportunities for both buyers and sellers.

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