Many Residential and Commercial properties are entering into Foreclosure. An alarming bank-owned trend is spreading across the Housing Market.

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Question - Do you think that the Real Estate Market is crashing or correcting?

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Tom Kirchmeyer NMLS # 1830886
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#housingmarket #foreclosure #boiseidaho

About this video:
Current trends in the real estate market, focus on the increasing number of bank-owned lots and foreclosures. It highlights the process of buying these lots, emphasizing the need for approval from a bankruptcy trustee. This is set against a backdrop of rising foreclosure rates, with specific statistics illustrating a significant year-over-year and month-over-month increase in foreclosures.

Challenges faced by small builders, particularly those going through bankruptcy, underscore the importance of these entities in real estate. Covers various housing market locations across the United States, including cities like Boise, Miami, Los Angeles, New York, and Chicago, as well as several states, indicating that these trends have a widespread impact on U.S. housing market.

Understanding the dynamics of the real estate market, the challenges of purchasing bank-owned properties, and the economic factors contributing to the current state of foreclosures.

Are you wondering about the current state of the housing market? Are you concerned about the potential for a market crash, or wondering if home prices will ever come down? Are you trying to understand why rent is so expensive? We aim to provide answers to these and other questions about the housing market in our weekly content.

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