Here is how much household income youll need to afford the medianpriced home in every US state CNN
News Source : CNN
News Summary
- In nearly half of US states, buyers will need a six-figure household income just to afford a median-priced home in their state
- Back in January 2020, a 6-figure income was needed in only six states and the District of Columbia
- The study only considered the costs of securing a manageable mortgage payment
For anyone lookingto buy a new home, high mortgage rates, high home prices and a shrunken housing supply have made the whole process challenging to say the least.Now a new analysis from Bankrate.co [+1169 chars]
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