Tighter inventories in some markets have helped firm up home prices in recent months, so many homebuyers will remain stretched unless mortgage rates keep falling
While mortgage rates have eased and home prices have fallen in many markets, affordability still has a 'stranglehold on much of the market,' according to research released by Black Knight
Six out of 10 borrowers who owe more on their mortgages than their homes are worth bought or refinanced their homes in 2022, according to the latest Black Knight Mortgage Monitor