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As record home prices fell this summer in South Florida, is the market closer to normal?

As record home prices fell this summer in South Florida, is the market closer to normal?

The median selling price of homes in South Florida began to decline this summer, another sign that the market is rebalancing after a year of frenzied growth. The housing market, while still strong and favoring sellers, is in flux: Buyers may have more options as inventory levels have increased by more than 20%, but their …

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CFPB seeks to expand home buying options - DSNews

CFPB seeks to expand home buying options – DSNews

The Consumer Financial Protection Bureau (CFPB) is seeking the public’s input on ways to stimulate new mortgage products that help households. The CFPB is looking for ideas on ways to improve mortgage refinances for homeowners who would benefit from refinancing, especially for borrowers with lower loan balances. The agency is also seeking public input on …

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Existing home sales fall in August to lowest level since 2020

Existing home sales fall in August to lowest level since 2020

The Wall Street Journal’s chief economics correspondent Nick Timiraos discussed the strategy surrounding the Fed’s supposed decision to fight inflation by potentially raising interest rates another 75 basis points ahead of their announcement on Wednesday. Existing home sales in the United States slowed for the seventh consecutive month in August, rising mortgage ratessoaring inflation and …

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