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U.S. Foreclosure Activity on the Rise

  • Foreclosure filings up 28% from the previous quarter and 34% from a year ago
  • Approaching levels seen before the pandemic
  • ATTOM’s Q3 2023 U.S. Foreclosure Market Report provides insights

What This Means for Homebuyers and Sellers

  • Increased competition for homes for sale
  • Potential opportunities for investors
  • Importance of working with a knowledgeable Realtor

As the U.S. foreclosure activity continues to rise, approaching levels seen before the pandemic, it’s essential for homebuyers and sellers to be aware of the current market trends. According to ATTOM’s Q3 2023 U.S. Foreclosure Market Report, foreclosure filings were up 28% from the previous quarter and 34% from a year ago. This increase in foreclosure activity may lead to increased competition for homes for sale and potential opportunities for investors.

In this competitive market, it’s crucial to work with a knowledgeable Realtor who can help you navigate the process of buying or selling a home. A Kansas City Realtor advises, “When looking for a home in this market, it’s essential to ask questions about the property’s history, including any potential foreclosure issues. Additionally, sellers should be prepared for increased competition and work with their Realtor to ensure their home stands out among the rest.”

Must Know: The Importance of a Skilled Realtor

Working with an experienced Realtor can make all the difference in successfully buying or selling a home in this competitive market. They can help you find the perfect home, negotiate the best price, and guide you through the entire process. As one Kansas City Realtor states, “In this market, it’s more important than ever to have a skilled Realtor on your side. They can help you navigate the complexities of buying or selling a home and ensure you get the best possible outcome.”

In conclusion, the rise in U.S. foreclosure activity is a trend that homebuyers and sellers should be aware of as they navigate the real estate market. By working with a knowledgeable Realtor and staying informed about market trends, you can make the best decisions for your real estate needs.

Orginal article: Link To Article – provided by Kansas City Realtors

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