Incomes need to rise $50K for median-priced homes to reach 2019 affordability
There are two ways to get back to the level of home affordability Americans had for much of the last decade, according to Realtor.com. Neither looks realistic anytime soon. In 2019, the mortgage payment for a median-priced home took up about 21% of median household income. Today, it accounts for more than 30%, reflecting sharply…
