Mortgage Cost Increases Significantly and Outpaces Income Gains from 2020 to 2024
The affordability crisis in the real estate market has reached a milestone in the first months of 2024, with experts suggesting that the average homebuyer needs an 80 percent higher income to afford the average house today versus 2020. Numbers published by home listing aggregate site Zillow indicate that a family needed $47,000 in household […]