U.S. Foreclosure Activity on the Rise in Q3 2023
Key Points:
- ATTOM releases Q3 2023 U.S. Foreclosure Market Report
- Foreclosure activity increases, approaching pre-pandemic levels
- Impact on homebuyers and sellers
- Advice from Kansas City Realtor on navigating the market
Foreclosure Activity Increases, Impacting Real Estate Market
ATTOM, a leading curator of land, property, and real estate data, recently released its Q3 2023 U.S. Foreclosure Market Report, which shows a continued rise in foreclosure activity. This increase is approaching levels seen before the pandemic, potentially impacting both homebuyers and sellers in the real estate market.
As foreclosure activity increases, it’s essential for those looking to buy or sell a home to be aware of the current market conditions and how they may affect their real estate transactions. To help navigate this changing landscape, we reached out to a Kansas City Realtor for advice.
Advice from Kansas City Realtor
“It’s important for both buyers and sellers to be aware of the current foreclosure activity and how it may impact the market,” says the Kansas City Realtor. “For buyers, this could mean more homes for sale at potentially lower prices. However, it’s crucial to work with a knowledgeable real estate agent to ensure you’re making a smart investment.”
For sellers, the Realtor suggests, “If you’re considering selling your home, it’s essential to price it competitively and make any necessary repairs or updates to attract buyers. Working with an experienced Realtor can help you navigate the market and ensure a successful sale.”
Final Thoughts
As foreclosure activity continues to rise, it’s crucial for both homebuyers and sellers to stay informed and work with experienced professionals to navigate the real estate market. By staying aware of market trends and seeking expert advice, you can make informed decisions and achieve your real estate goals.
Orginal article: Link To Article – provided by Kansas City Realtors
