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Rising Waters, Rising Costs

As climate changes expose more U.S. housing stock to potential flood damage, the Congressional Budget Office has issued an impact report encompassing homeowners with mortgages protected by the GSEs or backed by the FHA or VA.

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Foreclosure Filings: A ‘Concerning Picture’ of Future Trends?

Rob Barber, CEO at ATTOM Data, said, “It’s evident that challenges in the housing market persist. While we anticipate a likely decline in the coming months due to the holiday season and other seasonal patterns, we do foresee a continued uptick in 2024 as foreclosure filings make their way through the pipeline.”

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Worst Housing Affordability in 40 Years?

"Home buyers face the most difficult affordability conditions in nearly 40 years due to limited inventory and rising mortgage interest rates," said Jessica Lautz, NAR's Deputy Chief Economist and VP of research. Read on for details from a new NAR study.

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Declining Affordability Fuels Home Sellers to Drop Prices

While October saw an uptick in new listings, home sellers nationwide are taking a chance on the market and dropping their prices to attract more buyers. A new market report from Redfin revealed that many Americans remain concerned that mortgage rates may not decline any time soon.

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