Source: Realtor —
After a punishing few years, many homebuyers are simply calling it quits.
And who could blame them? First, home prices began rising to dizzying heights. Then came the insanely competitive bidding wars, complete with mind-bogglingly high offers over the asking price. Now, surging mortgage interest rates are further eating into the buying power of Americans, leading many priced-out homebuyers to throw in the towel. No más!
But wait. While home prices are up in nearly every corner of the nation, there are still areas that are less expensive than others. Way less expensive, in fact. That’s why the data team at Realtor.com® identified the states with the most affordable homes in the nation based on median home list prices in April.
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