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Renting is still the more affordable option in the majority of U.S. cities, especially as asking rents begin to drop down from record highs
New research from Morgan Stanley suggests the federal government’s program to turn foreclosed properties into rental opportunities could have a significant positive impact on job creation.
Analysts with the Bank of America Merrill Lynch believe the federal government’s real estate-owned (REO) rental program could encompass 20 percent of the national foreclosure total.
Fewer properties are on the market because owners are staying in their homes longer than in the past
Expect easier credit and for first-time buyers to make up a bigger part of the market.
The Federal Reserve's staunch monetary policy could keep interest rates high and continue to affect the U.S. economy into 2024
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