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NAR predicts the 30-year fixed-rate mortgage to common 6.3% in 2024; realtor.com® tasks 6.5%. This doubtless will improve housing affordability and entice more home consumers to return to the market, Yun says. NAR’s knowledge shows that rates near 6.6% allow the common American family to afford a median-priced house without devoting greater Real Estate News than 30% of their earnings to housing, the brink generally used to measure affordability. Shiv Parekh, Founder & CEO, hBits- Fractional possession of real estate platform said that the allure of business real estate lies in its potential for high-yield returns, distinguishing it from conventional …
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