Low-price home affordability increases as mortgage rates ease: Report
By The Hill | Created at 2024-09-30 16:37:29 | Updated at 2024-10-01 01:38:50
9 hours ago
Less-expensive starter houses are becoming more affordable as mortgage rates are coming down, a trend that’s being bolstered by a recent boost to household incomes. Homebuyers have to earn $77,000 to afford homes in the 35th-percentile of house prices or below, which represents a 0.4-percent decrease in the requisite income level since the year prior,…
