As mortgage rates hit two-decade highs in October and for a significant part of November‚ home affordability remained at its lowest level in more than 10 years‚ according to the the National Association of Home Builders (NAHB). Interest on a home loan hovered at or around 8 percent in the fall of 2023 but property prices remained high. This meant that for households earning a median income of a little over $96‚000‚ many homes were priced beyond their reach. The NAHB pointed out that about...