US Real Estate

Housing Affordability Gets Crushed as Qualifying Income to Buy Home Doubles to Over $100,000

It’s the highest annual income needed to afford a home on record.
Housing Affordability Gets Crushed as Qualifying Income to Buy Home Doubles to Over $100,000
A house is for sale in Arlington, Va., July 13, 2023. Saul Loeb/AFP via Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
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A new housing industry report shows that home affordability is plumbing staggering new lows, with the qualifying annual income for a median-priced home more than doubling from where it was in 2020 to a whopping $107,000.

The stark figure was revealed in the Monthly Housing Affordability Index, released on Oct. 25 by the National Association of Realtors (NAR).
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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