According to a new study from My Perfect Mortgage, Detroit and Cleveland are among the top cities for single-family rental cash flow, while eight out of 10 of the worst are located in pricey California metros.
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Homebuyers Leaving Their Hometowns in Search of Affordability
As many Americans are leaving their hometown in search of more affordable areas, elevated mortgage rates and a shortage of inventory continue to deter U.S. homebuyers, as overall home sales dropped 22% from a year earlier in April.
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