Roughly 1 in 5 new mortgages went to low-income homebuyers in 2023, down from 23% in 2020. Meanwhile, high-income buyers have gained share because they’re more prepared to weather the storm of high home prices and mortgage rates. Roughly one in five (20.6%) new mortgages issued last year went to low-income Americans, bringing that group’s … Continue reading Low-Income Americans Have Lost the Homebuying Progress They Made During the Pandemic