More and more people are being forced to sell their homes due to the phantom cost of homeownership rising too high unexpectedly. These are usually things like homeowners insurance increases, property tax increases, special assessments, or unexpected repair cost. For a long time these costs were relatively stable, but over the past few years they have been skyrocketing.
States with large increases in inventory are reporting annual price deceleration and declines, said @SelmaHepp of @CorelogicInc. #mortgage
By @NMNBrad https://t.co/9cdZ3FNoKi
— National Mortgage News (@NatMortgageNews) July 14, 2024