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Redfin Launches 'Compete Score' to Help Homebuyers Understand What It Takes to Win a Home in Cities Across the Country
Redfin has announced Redfin Compete Score, a rating of housing competition in cities and neighborhoods on a scale of 0 to 100, where 100 is the most competitive. Compete Score can be found on Redfin.com pages for individual listings as well as on the Home Values page for any city or neighborhood where more than 25 homes were sold in the last year. Redfin is also introducing the first Compete Score Report to calculate the most and least competitive cities and neighborhoods across the country.
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IRS Releases Updated Withholding Calculator and 2018 Form W-4
The Tax Cuts and Jobs Act enacted by Congress at the end of 2017 established a whole new set of income tax rates for 2018 and later. The new rates are somewhat lower than those in effect during 2017 and earlier. As a result, most taxpayers will have to pay less income tax in 2018 than they did in 2017. The IRS has updated its online withholding calculator that individual taxpayers can use to determine how much should be withheld for 2018.
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The Pros and Cons of AVMs in Real Estate
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Fixing Inaccurate Zestimates: Housing Values Based on Machine Learning
Today, we'll go over a topic I have spent many years studying: Machine Learning. We'll also cover how this applies to real estate. Zillow Zestimates are well known to be inaccurate. Even though this trend has improved in recent years, there is some inaccuracy in these tools. This will soon change thanks to Machine Learning.
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