Home buyer affordability improved 4.1% by mid-2024, the first annual gain since 2021.
Lower mortgage rates and a 3.1% increase in household income drove the affordability improvement.
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Mid-2024 Signals Improved Affordability for Homebuyers
Home buyer affordability improved 4.1% by mid-2024, the first annual gain since 2021.
Lower mortgage rates and a 3.1% increase in household income drove the affordability improvement.
us