It’s not a great fall housing market, but this is ‘as good as it gets,’ economist says

Published Wed, Sep 25 202410:56 AM EDTUpdated Moments Ago

By: Ana Teresa Solá

While housing affordability remains a challenge for many buyers in the U.S., conditions are somewhat improving due to lower mortgage rates.

Buyers need to earn $115,000 to afford the typical home in the U.S., according to a new report by Redfin, an online real estate brokerage firm. That’s down 1% from a year ago, and represents the first decline since 2020.LEARN MORE…

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