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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
Buyers living in the lap of luxury don't stress about mortgage rates, Redfin reports.
Amidst mortgage rates climbing, the median U.S. home-sale price increased 5% from a year ago.
