Fox News: Americans Now Need an Annual Salary Of $110,871 to Afford a Median-Priced Home, Up from $75,939 in 2020

WILLIS The average homebuyer ░░░░░░░░ to make over 110 ░░░░░░░░ to afford the average ░░░░░░░░ A new bank rates ░░░░░░░░ showing that the required ░░░░░░░░ to make that purchase ░░░░░░░░ jumped 46 in just ░░░░░░░░ years Homebuyers only needed ░░░░░░░░ make 76 000 back ░░░░░░░░ 2020 And the issue ░░░░░░░░ you now need a ░░░░░░░░ figure salary to buy ░░░░░░░░ average home in 23 ░░░░░░░░ including the District of ░░░░░░░░ Four years ago that ░░░░░░░░ was just six Mortgage ░░░░░░░░ of course have played ░░░░░░░░ small role in the ░░░░░░░░ but home prices have ░░░░░░░░ and large kept pace ░░░░░░░░ the needed salary to ░░░░░░░░ them The average home ░░░░░░░░ 42 percent sitting at ░░░░░░░░ 412 000 Now even ░░░░░░░░ the housing market may ░░░░░░░░ pricing people out people ░░░░░░░░ t be too quick ░░░░░░░░ think that renting is ░░░░░░░░ solution Since President Biden ░░░░░░░░ office rents are up ░░░░░░░░ 21 percent.”