Published on 5 Apr 2024 on Insider Monkey via Yahoo Finance
20 Least Affordable Metros for Homebuyers in the US
In this article, we will be covering the 20 least affordable metros for homebuyers in the US. If you wish to skip our detailed analysis, you can move directly to the 5 Least Affordable Metros for Homebuyers in the US.
Signs of Recovery in the US Real Estate Market
The US real estate market was plagued by multiple issues in 2023. While soaring prices disabled many from buying a home, high mortgage rates convinced homeowners not to sell their homes. This led to a serious shortage of inventory which was unable to keep up with the rising demand. As 2024 commenced, certain signs of recovery from the aforementioned housing crisis were observed. Improved builder confidence depicted better conditions for future construction. On January 17, CNBC reported that the homebuilder sentiment climbed up in January and reached its highest since September 2023.