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Foreclosure Starts SURGE 187% - Pre Pandemic Levels (Warning!)
Foreclosure starts – the first step of the process and one that doesn’t always lead to a final foreclosure – affected 23,952 U.S. properties in August, up 12% from July and up 187% year-to-year.
So what does this mean for the housing market? Well we could be looking at a significant amount of foreclosure properties hitting the market in 2023 if these people cannot save themselves from the gavel.
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https://www.redfin.com/news/inflation-renters-gen-z-millennials-2022/
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