Spring Homebuying Season Begins with Uneven Thawing

U.S. housing affordability has improved year over year across all 50 major markets, with buying power rising 10% nationally as the spring buying season begins. However, higher mortgage rates and large regional disparities mean any rebound is likely to be uneven, with markets closer to pre‑pandemic affordability norms poised to recover faster than highly strained areas such as Hartford and Philadelphia.

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