Post Tagged with: "buying a home in 2024"

How Buyers are Adapting in Today’s Housing Market

How Buyers are Adapting in Today’s Housing Market

For the first time since 2020, housing affordability improved year over year. This is largely due to a drop in mortgage rates, which have dipped from 7.07% to 6.09% over the past year. While this is undoubtedly great news for home buyers, affordability remains a challenge for many.  According to recent data, U.S. buyers now need to earn around $115,000 annually to afford the typical home, down 1.4% from last year. Yet, the average U.S. […]

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