Housing Market
Stalled Progress: Housing Affordability Squeezes Out Low-Income Buyers
A new Redfin report shows the share of new mortgages issued in 2023 to low-income homebuyers dropped from 23.2% in 2020 to 20.6% in 2023, bringing it back down to where it was in 2018 and erasing the progress made during the pandemic.
May 8, 2024
