Six figure salary or stay renting: Americans now need $114,000 a year to buy the median home, up 70% in just six years

“A homebuyer must earn $114,627 to afford the median-priced U.S. home, up 15% from a year ago and more than 50% since the start of the pandemic… That’s the highest annual income necessary to afford a home on record” https://investors.redfin.com/news-events/press-releases/detail/987/redfin-reports-that-homebuyers-must-earn-115000-to-afford …

READ MORE

The cost to buy is surging far beyond renting. Income needed to buy a house now dwarfs median U.S. income, making the subprime bubble seem minor by comparison.

https://imgur.com/cost-to-buy-significantly-outpacing-cost-to-rent-now-posted-response-to-rental-price-increases-VMXMPkM Income needed to buy a house vs. median income in the US. Subprime bubble looks almost cute in this chart. Ht @nickgerli1 pic.twitter.com/zPfUf2uaDc — Michael A. Arouet (@MichaelAArouet) December 13, 2024 All one needs to know about successful investing …

READ MORE