The 4 major US cities where the average starter home is still affordable: study
(NEXSTAR) – U.S. home sales fell in September for the eighth straight month, but thanks to soaring mortgage rates, things haven't gotten easier for first-time home buyers.Real estate site Point2Homes.com looked at the 50 largest cities and calculated whether or not a renter could, on average, comfortably afford the median starter home. New Mexico has awarded over $194 million in rent assistanceThe study found that only four major U.S. cities fit the criteria after mortgage rates jumped to
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