First-Time Homebuyers Are Facing One of the Least Affordable Markets in US History
Pro Builder
JUNE 8, 2023
That lack of affordability is especially notable in states such as Idaho, Nevada, and Arizona, which posted PAPI readings of 255.6, He expects mortgage rates to fall back into the 5% range as tight inventory eases up, but when exactly that happens will depend on how the central bank opts to adjust policy over the coming months.
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