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The share of home sales affordable to median income buyers in New Hanover dropped from 50% in 2020 to 5% in 2023, according ...
The rapid rise in home prices is playing an outsized role in home affordability, with one report finding a buyer needs an income of $114,000 a year to affo ...
The cost of living crisis in California has made several counties so expensive that median income falls below the low-income ...
In dollar terms, home prices nationally jumped roughly 43% from 2019 to 2022, while median household income rose only about 7% in that same period. The rise in home prices has been accompanied by ...
Just 17% of the state's consumers could afford to purchase a median-priced, existing single-family home in California in the ...