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A total of 9,070 residential properties – or 5.0% of those with mortgages – in the Sarasota-Manatee region owed more on their loans than the homes were worth in the first quarter of 2019, data.
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In Australia, the 2016 homeownership rate was 65 percent; more than 90 percent of home loans are adjustable-rate. FBI.
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So, with mortgage rates dipping to new lows, it’s no surprise that people were wanting to buy a home, even if prices were at their peak. We expect to see milder home prices in the coming quarters,” he.
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