2023: The Year You Didn’t Buy a House

The New York Times, Jan. 4, 2023-Michael Kolomatsky
The year ended disappointingly for many American home buyers — fewer than 16 percent of homes for sale in 2023 were affordable to local median earners, according to a study by Redfin. That’s the lowest rate since at least 2013, the year Redfin began tracking prices, when 50 percent of homes were affordable to local median earners. In 2019, before the pandemic, 40 percent of listed homes were affordable. In 2022, only 21 percent were.
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