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Now is a great time to buy a house if you had the money before but couldn't compete with the herd

1 month ago   |   By Business Insider

Newsday LLC / Contributor/Getty Images
The housing market is finally opening up for buyers with ample cash.
While prices still sit at record highs, mortgage rates are down and demand is fading fast.
Home construction is also plunging as contractors brace for the market to slide into a recession.
Homes are getting much easier to buy, as long as you can pony up the cash. Rising mortgage rates, frenzied bidding wars, and wildly insufficient supply hobbled prospective home buyers throughout last year. Homes frequently sold well above their listing price in all-cash deals that closed mere days...
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