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Should You Buy a House During a Recession?

Rent, Buy & Sell

Foreclosures and short sales may be enticing due to low offer prices, but they carry some risks and potentially higher costs. Shop around for the best mortgage rates. Paying your mortgage and riding out the downturn is just as important as finding a low-priced home.

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Is Strong Equity Enough to Hold Back Foreclosures?

RIS Media

released its latest Mortgage Monitor Report , exploring the relationship between equity positions and downstream foreclosure start rates and, ultimately, distressed liquidations. That brings the average monthly mortgage payment to its highest level since late 2007. The Data & Analytics division of Black Knight, Inc.

Equity 94
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What Happens to My Mortgage if the Housing Market Crashes?

Marco Santarelli

People who recall the subprime mortgage crisis are concerned that the recent spike in home prices followed by a pause signals the bursting of another housing bubble. Due to the crash, there may also be short sales and foreclosures, offering you the opportunity to acquire a deal. But is the housing market truly in a bubble?

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The Real Estate Standoff: Existing Home Sales are Up, Despite Reluctant Sellers

Broke Agent Media

BAM Key Details: According to the National Association of REALTORS®, existing home sales increased 14.5% Year-over-year, however, existing home sales dropped 22.6% and the median existing-home sale price fell 0.2% That said, year-over-year, existing home sales are down 22.6%. from a year ago to $363,000. year over year.

Sales 98
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Existing-Home Sales Down in November, but See Significant YOY Growth

RIS Media

Bill Banfield, Rocket Mortgage Executive Vice President of Capital Markets, offered the following insight on the report. The positive momentum that home sellers are seeing will carry on well into the new year,” Yun predicted, citing low mortgage rates and remote-work flexibilities. Single-family and Condo/Co-op Sales.

Sales 98
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Miami Real Estate Luxury Home Sales Continue Surging 

Realty Biz

Miami-Dade’s out-of-state homebuyers with a mortgage earn nearly $100,000 in median household income. 5 in ultra-prime ($25M+) sales in the world, according to the 2023 Knight Frank Wealth Report. Mortgage Rates Up 3 Percentage Points Vs. Last Year; Impacting Sales Miami total home sales decreased 35.5%

Sales 92
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Miami Real Estate Records Best August Sales Month in History

Realty Biz

Miami-Dade County real estate broke another record, posting its best August sales month in history as pent-up demand, more U.S. individuals and companies moving to South Florida, and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Sales 104