Looking to buy a house? These 3 'cold' markets could offer a bargain [FOX Business Network]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: FOX Business Network
An affordability crisis has forced many would-be homebuyers out of the U.S. housing market, as steep mortgage rates and limited supply continue to push prices higher. But buyers may find relief in certain parts of the country, where growing inventory has led to a drop in prices, according to a new report published by Realtor.com. Known as "cold" housing markets, these are places where houses may be listed for more than a year – leading to a substantial drop in list prices amid lethargic consumer demand. The coldest markets can currently be found in the South, particularly along the Gulf in states like Texas, Florida and Louisiana, the report shows. In fact, among the 20 coldest housing markets in the country, 15 are located in Texas, Florida and Louisiana. Lake Charles, Louisiana, was the coldest metro in the country, followed by Houma, Louisiana; Panama City, Florida; Punta Gorda, Florida; and Naples, Florida. In Texas, some of the coolest cities were Brownsville, El Paso
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FMCC
Sec Filings
- 7/2/24 - Form ABS-15G
- 7/2/24 - Form ABS-15G
- 7/1/24 - Form 8-K
- FMCC's page on the SEC website