3 days The Cost of Homeownership Now Outpaces Median Incomes in Every State 24/7 Wall St.

According to Investopedia, on average, U.S. households need a minimum of $118,530 yearly income to be able to afford an average house. Yet, the median household income according to the U.S. Census Bureau from 2019 to 2023 was $78,538. This is a discrepancy of nearly $40,000. Currently, mortgage rates have risen above pre-pandemic levels, making […]

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