Reported about 4 hours ago
A recent Reuters poll indicates that housing affordability for first-time U.S. homebuyers is expected to worsen over the next year due to limited supply and only modest Federal Reserve interest rate cuts, even as average home price increases slow. A significant portion of the market remains inaccessible to younger generations, with rising home prices outpacing wage growth and rental prices. Analysts forecast a slight uptick in existing home sales, but overall conditions indicate a continued struggle for new buyers.
Source: YAHOO