HOME AFFORDABILITY REMAINS DIFFICULT ACROSS U.S. DURING FOURTH QUARTER EVEN AS PRICES DIP DOWNWARD

Major Home-Ownership Expenses Again Require One-Third of Average Wage Nationwide, a 16-Year High; Historical Affordability Also Stays at Worst Point Since 2007; But Both Measures End Nearly Three-Year Slide Amid Mixed Trends in Home Prices and Mortgage Rates IRVINE, Calif., Dec. 21, 2023…