Less-expensive "starter" houses are becoming more affordable as mortgage rates are coming down, a trend that’s being bolstered by a recent boost to household incomes.

Home buyers have to earn $77,000 to afford homes in the 35th-percentile of house prices or below, which represents a 0.4-percent decrease in the requisite income level since the year prior, according to real estate company Redfin.

“That’s the first annual decline since 2020 thanks to falling mortgage rates,” the company said in a Monday release.

Mortgage rates have been falling........

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