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Florida Metros Ranked the Best Cities for First-Time Homebuyers

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While housing affordability remains unbalanced nationwide, many Americans remain worried about housing costs. However, a new market study from WalletHub reveals which cities are the best and worst for first-time homebuyers, with multiple Florida metros topping the list with the greatest buying opportunities.

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Rent Price Declines Help to Improve Housing Affordability

The Realtor.com June 2023 Rental Report revealed that experts predict continuing rent declines and moderating inflation will help increase nationwide housing affordability, "providing a much-needed respite for renters and an opportunity to regain some control over their housing expenses," according to Realtor.com Chief Economist Danielle Hale.

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Nationwide Home Sales Inched Forward in June

June is typically the biggest month for home sales, according to the latest RE/MAX National Housing Report, with month-over-month sales rising 5.4% from May. Meanwhile, the average close-to-list price ratio was 100%, meaning homes sold for their average asking price.

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Renters Look Favorably on Southern, Midwestern Markets

According to a new study from RentCafe, rental season is nearing its peak, as new data reveals Southern and Midwestern markets dominated the list of the top 30 most desired cities for renters, with Arlington, Virginia ranked as the most in-demand city for renters in July.

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The Week Ahead: Navigating the Next REO Wave

The Five Star Institute, in conjunction with the National REO Brokers Association, has assembled a panel of experts to detail how the REO industry is bracing for an uptick in activity, and how to prep for a jump in volume.

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Existing-Home Sales Slip in June

Existing-home sales fell in June, as all four regions recorded year-over-year sales declines, according to NAR, with the South and West posting the largest decreases.

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