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