The housing market in 2023 experienced its least affordable year on record, but there are signs of improvement, according to Redfin Senior Economist Elijah de la Campa. A recent study reveals that less than 16% of homes for sale in 2023 were affordable to typical US households. However, de la Campa suggests that some of the factors contributing to this affordability crisis are starting to ease.
Key points:
– Redfin Senior Economist Elijah de la Campa acknowledges that 2023 was the least affordable year for homebuying on record.
– A study indicates that less than 16% of homes for sale in 2023 were affordable to typical US households.
– However, de la Campa notes that there are signs of improvement and some of the factors behind the affordability crisis are easing.
Source: Weekly Real Estate News.
You can read this full article at: https://wrenews.com/study-less-than-16-of-homes-for-sale-in-2023-were-affordable-to-typical-us-households/
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