Recent analyses by Zillow and Harvard University show that the cost of homeownership in the U.S. is becoming increasingly unaffordable for the middle class. To afford a median-priced home, buyers need to put down over $127,000, with some metro areas requiring incomes exceeding $100,000. Home prices have surged, with mortgage rates and borrowing costs soaring, making it challenging for many Americans to purchase homes.
Struggling to buy a home? You’re not alone: 98% of Metropolitan areas have seen home-price-to-income ratios rise between 1990 and 2023. https://t.co/jHMKiDDZME https://t.co/6TGeQmMjYg
A recent analysis by Zillow reveals that the housing market has become increasingly inaccessible for many Americans. https://t.co/7TqNrU8529
A new analysis from Zillow shows that the nation's housing deficit is deepening. https://t.co/dD9p1baI5F
Millions of Americans are already shut out of buying a home, and the cost of buying one continues to rise. In nearly half of metro areas, buyers must make more than $100,000 to afford a median-priced home, a Harvard University report finds. https://t.co/zu2cNz9DvE
Four more years? Average monthly mortgage nearly double from 2020; homebuyers need to earn 80% more Home prices have climbed 42% since 2020, as rising mortgage rates and borrowing costs are creating barriers to homeownership, a new study shows. A recent analysis by Zillow… https://t.co/lOhySGbv1z
To afford a monthly mortgage payment, middle-class Americans need to put more than $127,000 down: Zillow • A median-income household would need to put 35.4% down to afford the payments on a typical U.S. home. • Five years ago, the typical U.S. home would have been affordable…