The cost of living has grown to historic levels since the pandemic, as home prices and the cost of everyday goods have far outpaced wages. A large portion of this increase has come from housing. The national median sale price hit a record in 2022 and has continued to set new monthly highs nearly every month since, pricing out buyers and sidelining sellers.
Thankfully, Redfin economists predict that affordability will begin to improve this year thanks to rising wages and slower price growth…