U.S. mortgage rates hit 23-year high and home prices show few signs of cooling, but Redfin says ‘all hope is not lost.’ Why?

The U.S. housing market has become unaffordable for many aspiring homeowners, priced out by either high home prices or high mortgage rates.

With mortgage rates at a 23-year high and home prices not falling substantially, affordability hit a 38-year low in September.

Yet with this backdrop, “all hope is not lost for people who want to buy…

Read more from source