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Housing continues on an uptick in the United States despite the depressing headlines.
I just picked up a newspaper and saw the headline, “Foreclosures show no sign of decline.” If you only read the headlines, you’d think we’re still in the midst of a downward spiral. But you’d be mistaken.
A new Wall Street Journal interactive map digs down to granular level for a look at what’s going on state by state. Here’s the overview of some trouble states right now:
Speaking of improvement, some 30 states are actually doing from somewhat well to really great. And the trend around the country is improving, with even California down a 6% delinquency rate. Here are other states also doing well:
In many places, we’ve reached the point where short sales and foreclosures are getting multiple offers and asking prices are being bid up, not to where they were 6 years ago of course, but up still.
Supporting that upward trajectory is a new report that finds housing affordability is the best it has been since those stats have been kept. In general, it is a better idea to buy than to rent if you want to stay put in most areas.
I want you to get out there and take advantage of today’s great interest rates coupled with all the deals on housing!
This post was last modified on March 22, 2017 2:17 pm
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