fromwww.housingwire.com
1 week agoHomebuyer affordability improves in August
Affordability conditions have improved for four straight months, with lower mortgage rates and stronger income growth boosting prospective buyers' purchasing power, said Edward Seiler, MBA's associate vice president of housing economics and executive director of the Research Institute for Housing America. MBA is expecting that moderating home-price appreciation, coupled with lower rates, will continue to ease affordability constraints and help to boost activity in the housing market.
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