Buying a foreclosed home can seem like a dream. Deals sound like they’re too good to be true. But there are some hidden dangers in buying foreclosed properties that could be disheartening and disappointing if you’re not aware of them.
For a long time, the housing market was all sunshine for sellers.
This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power…
You may have heard that there are more brand-new homes available right now than the norm.
Every seller wants to get their house sold quickly, for as much money as they can, with as few headaches as possible.
You may have heard there are more homes for sale right now.
There’s no denying mortgage rates are having a big impact on today’s housing market.