Housing affordability slumped to a multi-decade low this year as soaring mortgage rates failed to pour cold water on high house prices. But is there hope on the horizon for 2024?
Buyers will finally see lower prices and mortgage rates of 6.8% , but may scramble to find inventory as current owners happy with their low mortgage rates and pandemic home purchases stay.
As the housing market in the U.S. continues its remarkable ascent, the landscape of home buying is seeing a significant shift in down payment trends.