Distressed Properties Signal a Slowdown in 2025 Housing Market
HousingWire, Dec. 12, 2024-Daren Blomquist
Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions. This downward pricing trend at distressed property auctions, combined with affordability constraints for retail buyers and rising rates of serious delinquency, foreshadows slowing home-price appreciation in 2025.
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