Recent reports and data highlight the challenges faced by aspiring homeowners in the United States under President Biden's administration. Home-buying affordability has hit a low not seen since 1985, with the median household needing over 40% of its income to cover payments on a median-priced home. Additionally, a report from Zillow reveals that homebuyers now require a six-figure income to comfortably afford a home, marking an 80% increase in just four years. Home prices have surged almost 50% under Biden, making it increasingly difficult for millennials to achieve homeownership, thus impacting the American Dream.
Rising home prices in the United States are making it more difficult to afford a home, especially for first-time home buyers. https://t.co/v7xdwxHuDF
Under President Biden, home prices have risen almost 50%, making it nearly impossible for millennials to buy their first home and driving the American Dream further and further out of reach. https://t.co/vnAHY2wX8n
🚨According to a new report from Zillow, homebuyers today need to bring in over six figures a year to “comfortably afford” a home in America — an 80% jump from just four years ago. That’s Bidenomics. https://t.co/KyoCP51w8s
Aspiring homeowners face the lowest home-buying affordability since 1985. The median household now needs more than 40% of its income to cover payments on a median-priced home, per WSJ. https://t.co/e8I20uTaTF
Latest housing data shows that under @JoeBiden, the American dream is dying. Housing has become INSANELY expensive, even more than most people previously thought. See the data for yourself! @FoxNews @FoxNewsOpinion https://t.co/oNzVyt3Ua0