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Why this matters: Borrowing power and home prices affect the financial readiness of homebuyers dependent on mortgage funds. After 2012 and until 2025, the financial circumstances for homebuyers worsened annually on all three critical acquisitio...
Skyrocketing housing values and a shortage of homes on the market gave homeowners the upper hand for years when it came time to sell. That’s no longer a given.Across the country, it’s getting tougher for sellers to drive a hard bargain. A ...