"Lower rates would be a salve for the home affordability headaches plaguing millions of buyers, and they'll also help sellers move without getting saddled with much higher mortgage payments."
"Buyer interest has shifted away from the areas that are generally unaffordable, or have become less affordable due to significant price growth during the pandemic."
"Home prices leveled off nationally over the last year, but have remained impressively sticky despite waning buyer demand due to still-high housing costs."
"That has created a paradox of affordability, where once-cheap markets become more expensive as buyers flock for value in a constrained landscape."
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