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Home price growth slows, easing affordability pressures at the margin

MarketWatch says home prices are rising much more slowly than during the pandemic-era buying surge, even as buyers may not feel relief yet.

Reported · Written up by our desk · Residential

Housing affordability has improved slightly in one respect, as home price growth has cooled compared with the rapid pandemic-era pace, according to MarketWatch.

The outlet links the easing in purchasing conditions to the slower rate of home price increases, even though that change has not necessarily translated into a strong sense of affordability for many buyers.

MarketWatch notes that while the market is moving in a direction that should help, the broader experience for consumers still does not match the scale of relief seen in earlier periods when prices rose less sharply.

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