In 2020 45% of Americans making median income could afford a median price home.
That number has fallen to just 16% as home prices have risen substantially(as has institutional buying) and rates on a mortgage loan have risen. Homes are less affordable than they ever have been in history.
That number has fallen to just 16% as home prices have risen substantially(as has institutional buying) and rates on a mortgage loan have risen. Homes are less affordable than they ever have been in history.
Visualizing America's Shortage Of Affordable Homes | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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