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IPFS News Link • Housing

Experts Warn Homebuyers Of Red Flags Beyond Climbing Interest Rates

• Zero Hedge - Tyler Durden

Authored by Mary Prenon via The Epoch Times (emphasis ours),

Over the past two years, houses nationwide were going like hotcakes, with sellers often receiving tens or even hundreds of thousands of dollars over asking price. Buyers often waived inspections and picked up some of the sellers' costs in dire hopes of securing that coveted single-family home.

While the current landscape has changed due to higher interest rates, many parts of the country are still seeing bidding wars, and home prices are not yet experiencing a sharp decline. With inventory still lower than normal, many buyers remain hungry for a piece of the American dream.

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