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DID YOU KNOW? A slowing global economy and low inflation has central banks around the world rethinking plans to gradually pull back financial stimulus from markets and the banking system which could support the economy in the months ahead and bolster markets and sectors like housing and autos. The Fed signaled that it was done raising interest rates for now to see if recent weakness abroad and political uncertainty leads to a sharper-than-expected slowdown in U.S. growth. (WSJ)
 
DID YOU KNOW? Yesterday Zillow announced the winners of a contest launched to improve the accuracy of the Zestimate, the algorithm that helps approximate the value of houses. The winning team was made up of data scientists and engineers from three countries and their estimates beat the existing tool by 13%. Zillow says their current Zestimate is $10,000 off the actual sale price for a median-priced home of about $223,900, but the new algorithm could shave $1,300 off that discrepancy, making the Zestimate’s national median error rate below 4%. (Marketwatch)



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