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Here are the N.J. towns where the housing market may be cooling the most
Source: NJ.com --- The housing market is cooling. Interest rates have risen 4 percentage points since August 2021 when they were 2.7%. Inflation is at about 8.3%, making everything from groceries to gasoline more expensive. And home prices have risen 28% in the past...
The US Housing Market was once hot as lava. Is it grinding to a halt?
Source: USA Today --- What once seemed like it was as hot as lava, the U.S. housing market now seems to be cooling down pretty quickly. But why? There seems to be enough people looking to buy homes right now with Millennials making up 43% of homebuyers, up 5% from...
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Property taxes across the U.S. rose to $328 billion in 2021
Source: Boston Agent Magazine --- Property taxes across the U.S rose last year, but the hike was much lower than in 2020, according to a new report. ATTOM found in its 2021 property tax analysis of almost 87 million single-family homes, $328 billion in property taxes...
U.S. Property Foreclosures Spike 132 Percent Annually
Source: World Property Journal --- Foreclosures increase in all 50 States in early 2022 According to ATTOM's newly released Q1 2022 U.S. Foreclosure Market Report, there were 78,271 U.S. properties with a foreclosure filing during the first quarter of 2022, up 39...
What home prices will look like in 2023, according to Zillow’s revised downward forecast
Source: Fortune --- There's no doubt about it: Soaring mortgage rates are an economic shock to the U.S. housing market. Over the past month alone, the average 30-year fixed mortgage rate has spiked from 3.11% to 5.11%. It's both pricing out some stretched homebuyers...
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