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Most substantial drop (62.5% year-over-year) in Austin, Texas
Redfin report indicates monthly payment at all-time high of $2,894
Redfin report shows low-income earners represented just 20.6% of all mortgages in 2023
Rising home prices and mortgage rates pushed monthly payments up 15% last month, year over year.
Redfin says sellers are cutting their asking prices in the two southern states.
Redfin Home Price Index shows 0.6% growth month-over-month
