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The market may be approaching its low point, though sales data lags.
The properties are located in Florida, Indiana, Louisiana, Ohio, Oklahoma, and South Carolina.
The move represents first time the threshold has been raised since 2014.
At least another 5%-10% decline on average is reasonable, according to industry conversations.
CoreLogic projects that home prices will average a 4% increase in 2023 compared with the previous year.
Top migration destinations are drought-stricken or common scenes of natural disasters.
Don't overlook opportunities just because macro-level numbers suggest the market isn't performing well.
In only 7% of counties nationwide can a minimum-wage worker afford a one-bedroom rental.
It's being used particularly for construction and take-out bridge financing.
Mortgage rates are the primary culprit.