Housing affordability is the worst it’s been in decades, but slowing inflation may reduce some of the pain for hopeful homebuyers.
U.S. inflation came in at 3.2% last month, showing that the Fed’s interest rate hikes over the past 20 months are starting to cool consumer prices. The overall inflation rate dropped to 3.2% between September and October, meaning that increases in the cost of living have been smaller recently, which could eventually make it easier for some people to afford homes and mortgages, Mark Buskuhl, founder and CEO of Ninebird Properties, a Texas-based investment firm, tells Fortune.
