ATTOM Q3 and September 2023 U.S. Foreclosure Market Report Summary
- Foreclosure filings increased in Q3 2023 compared to Q2 2023
- September 2023 saw a rise in foreclosure starts
- States with the highest foreclosure rates include Florida, Illinois, and Ohio
- Metropolitan areas with the highest foreclosure rates are Cleveland, Chicago, and Miami
- Foreclosure auctions and bank repossessions also increased in September 2023
What This Means for Homebuyers and Sellers
- Increased foreclosure rates may lead to more affordable homes for sale
- Homeowners facing foreclosure should consider selling their homes to avoid repossession
- Working with a knowledgeable Kansas City Realtor can help navigate the foreclosure market
- Buyers should be prepared for potential competition in the market
In light of the recent ATTOM Q3 and September 2023 U.S. Foreclosure Market Report, it’s essential for both homebuyers and sellers to understand the implications of these findings. With foreclosure filings on the rise, there may be more homes for sale at affordable prices. However, this also means increased competition among buyers.
For homeowners facing foreclosure, it’s crucial to consider selling your home before repossession occurs. A knowledgeable Kansas City Realtor can help you navigate the process and ensure a smooth transaction. As one local Realtor states, “It’s important to ask questions and stay informed about the current market trends. This will help you make the best decision for your situation, whether you’re buying or selling a home.”
In conclusion, the recent increase in foreclosure rates presents both opportunities and challenges for those in the real estate market. By staying informed and working with an experienced Realtor, both buyers and sellers can successfully navigate the ever-changing landscape of the housing market.
Orginal article: Link To Article – provided by Kansas City Realtors