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Rate cuts haven't improved home affordability as prices rise faster than borrowing costs.
Despite recent interest rate cuts, homebuyers remain stuck as rising home prices continue to offset the benefits, leaving affordability unchanged.
Many buyers are unable to make progress in the market, with price increases outpacing the modest relief from lower borrowing costs.
The housing market remains challenging, especially for first-time buyers facing high prices and limited inventory.
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Los recortes de tasas no han mejorado la asequibilidad de la vivienda, ya que los precios suben más rápido que los costos de los préstamos.