04/03/2024

To Afford a Typical U.S. Home, Studies Show You'll Need More than $100,000 in Income

Over the past four years, housing costs have soured

You hae heard that it's a tough time to buy a house, but exactly how tough is it?

A pair of recent studies predicts that you'd need to earn more than $100,000 per year to comfortably afford a typical home in much of the U.S. right now.

That's a major jump from just four years ago, and it comes at a time when fewer homes are on the market and mortgage rates and housing prices have been high. House hunters, meanwhile, haven't seen their wages increase at the same pace.

Please select this link to read the complete article from NPR.