Affordable Housing Crisis Worsens as Prices Skyrocket and Incomes Lag – How Will You Afford a Home?
Boston, Massachusetts – The housing market in the United States faces unprecedented challenges as millions of Americans struggle to afford a home amidst soaring prices and stagnant incomes. The COVID-19 pandemic has significantly impacted the affordability of homes, with prices jumping by 47% since early 2020. The median home sales prices are now five times higher than the median household income, painting a grim picture of the housing landscape in the country, according to a …