The current real estate market, economic situation, and high interest rates continue to limit options for buying real estate. While prices have come down from their peak in many areas, the recent increase in interest rates means that affordability has not improved for the average buyer. There is also very limited inventory on the market, as many would-be sellers are choosing to stay put. Many buyers have to look in more affordable regions, go even more remote, or consider homes or properties that are smaller or in poorer condition. With all these challenges, many would-be property buyers are turning to …
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