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.
Google LogoMark Us Preferred on Google
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:
0:00

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).
Google LogoMark Us Preferred on Google
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.
twitter
Related Topics