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Is housing affordability improving? Two new reports say yes 

Sep 26, 2024By

Elevated mortgage rates have strained housing affordability for more than two years. With rates now falling thanks to the Federal Reserve’s interest rate cut, two new reports suggest that affordability is getting better, too. The 2024 third quarter housing affordability report from Attom Data Solutions says that falling mortgage rates, rising wages and slower home-price growth has made the expenses of buying and owning a home slightly more affordable.