afford

Housing Crisis: Why Americans Need to Earn Over $100,000 to Afford a Home

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Wyndmoor, Pennsylvania – Recent studies suggest that the dream of owning a home in the United States is becoming increasingly unattainable for many, with the average income needed to afford a typical home now exceeding $100,000 per year. The housing market has seen a dramatic shift in the past four years, marked by soaring home prices, high mortgage rates, and limited inventory. This surge has outpaced the growth in wages, making it challenging for prospective …

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San Diego Housing Crisis: Families Need Nearly $275K Income to Afford Mortgage – Find Out How They’re Making it Work!

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San Diego, California – The dream of owning a home in San Diego seems to be slipping further away as housing costs surge to previously unseen levels. A recent report from Zillow reveals that San Diego families now need an annual income of close to $275,000 to afford a mortgage, nearly double the pre-pandemic figure. This estimate suggests that only 18% of households in San Diego County, where the median household income is $96,964, have …

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