In 2024, the median salary for the typical American home buyer has risen to $104,339 – up from $88,000 just two years prior.
Despite record-high home prices, housing demand continues to outpace supply, even with mortgage rates at their highest in over a decade. As one bright spot, housing inventory is steadily increasing, with the number of homes for sale up almost 19% in May compared to the previous year. This growth in inventory could help ease the cost of home ownership looking ahead.
Below, we rank U.S. metro areas based on the salary needed to buy a median-priced home. […]
– Read More: www.zerohedge.com
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