NWS

Introduction of FlyAround: Realtor.com is launching FlyAround, an immersive low-altitude satellite view feature that enhances property listings by providing a dynamic perspective of lot size, terrain, and neighborhood context directly from the listing page.

Consumer Insights: The feature aims to meet evolving consumer expectations, as a significant portion of homebuyers (52% of first-time buyers) are open to purchasing homes without seeing them in person, highlighting the need for more informative online tools.

Enhanced Home Search Experience: FlyAround transforms the home search from a static review to an interactive exploration, allowing users to visualize properties in their full context, which aids in making informed decisions.

Integration with Other Innovations: This new feature complements Realtor.com's recent AI-powered natural language search tool, showcasing the company's commitment to creating a smarter and more personalized homebuying experience.

Impact of Federal Shutdown on Housing Markets: The ongoing federal government shutdown has led to a localized pause in housing activity in areas with high federal employment, such as Washington, D.C., Virginia Beach, and Baltimore, with buyers showing hesitance due to uncertainty about job security.

Inventory Trends: While the number of actively listed homes has increased year-over-year, the growth rate has slowed, indicating a potential stall in the nationwide inventory recovery, which remains below pre-pandemic levels.

Price Reductions: In October, 20.2% of home listings experienced price reductions, reflecting a trend towards more flexible pricing by sellers, although this varies by region.

Market Conditions: Homes are spending an average of 63 days on the market, which is longer than last year but aligns more closely with historical norms, suggesting a gradual shift towards a more balanced housing market.

Public Belief in Hauntings: A survey reveals that 86% of Americans believe houses can be haunted, with 12% claiming to have lived in a haunted home and 67% reporting strange sounds as common spooky encounters.

Impact on Home Buying Decisions: One-third of Americans would consider buying a rumored haunted house if the price was right, while 14% said it wouldn't affect their decision at all.

Reactions to Death and Fame: While 44% would buy a home where someone died of natural causes if the deal was good, 79% would avoid homes associated with violent crimes. Conversely, 48% would buy a famous home if the price was appealing.

Realtor.com Resources: Realtor.com offers insights into haunted and infamous properties, providing stories and listings for those interested in spooky real estate, especially around Halloween.