The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments.
If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you're considering buying a home. It’s important to understand the context of these reports to know the truth about what’s happening today.
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- Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were ‘unicorn’ years.
- Expect unsettling housing market headlines this year, mostly due to unfair comparisonswith the ‘unicorn’ years.
- Let’s connect so I can share the data that puts those headlines in the proper perspective.
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Foreclosures increased 20 percent during the month of October when compared to September.
Buying a foreclosed house is different from buying a typical house. One major pro is that most bank-owned homes are vacant which means you’re moving in process is sped up. But there are some things you should keep in mind. Here are five things to you should know about buying a foreclosed property.