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Housing affordability plummeted to lowest level on record in 2023

Por: Fox Business Business December 22, 2023

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Taylor Morrison CEO Sheryl Palmer discusses the headwinds facing the housing market after a drop in August on existing home sales on 'The Claman Countdown.' Housing affordability plummeted this year to the lowest level on record amid the astronomical rise in mortgage rates, which put ownership out of reach for millions of Americans, according to a new report published by Redfin.  Just 15.5% of homes for sale in 2023 were considered... + full article



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