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Home prices are cooling, but affordability remains out of reach

Despite slower price growth, incomes have not caught up enough for typical buyers to regain affordability, according to MarketWatch.

Reported · Written up by our desk · Residential

Home prices have risen sharply over the past five years, though growth has slowed more recently, MarketWatch reports.

The article says home prices are now climbing at a slower pace than during the earlier surge, but wages have not kept up.

As a result, affordability continues to lag for many potential buyers, even as the rate of price increases moderates, MarketWatch adds.

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