Households with a median income of $64,000 or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11 percent from 2020 to 2023.
Source: Inman News
Low-income buyers’ mortgage applications drop to 2018 levels
Published in affordability, Elijah de la Campa, home price growth, low-income homebuyers, Markets & Economy, Mortgage, mortgage rates, Redfin and Select
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