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Redfin reports average salary needed is $64,500, but there may be no starter homes.
The typical monthly mortgage payment declined to $2,599.
Rising natural disaster risks influence migration trends, with many relocating to high-risk areas despite potential future costs.
Quick increase in mortgage rates has kept buyers and sellers on the sidelines.
Redfin: As supply falls to new low, demand picks up.
Elevated mortgage rates are cutting into homebuyers’ budgets.
