A buyer with a monthly budget of $3,000 can now purchase a home worth approximately $453,000 — up from $416,000 in October when mortgage rates reached a record of 7.8 percent, according to Redfin.
Source: Inman News
Homebuyer purchasing power rises by $40K since October rate surge
Published in bidding wars, buying power, home price, homebuyer, Markets & Economy, mortgage rates, Redfin and Select
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