$84,000

Home prices demand $112,000 income to qualify for mortgage, median American household earns just $84,000 yearly

The fundamental problem in the housing market today. American households need to earn $112,000 in order to afford a house. However, the Median Household income is only $84,000. Meaning that a huge portion of the U.S. population is unable to even qualify for a mortgage. Note that from 2010 to 2020, the opposite was true. …

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