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BREAKING: A homebuyer must now earn $114,627/year to afford the median-priced US home, per Redfin.
This means the average US household income would require a ~42% raise to afford the median home.
Homeownership is officially a luxury.
19.8. klo 20.58
Something is seriously wrong here:
For the first time in history, a NEW home in the US costs $33,500 LESS than an EXISTING home, per Reventure.
Not even June 2005 saw such a large gap, right before the 2008 Financial Crisis.
What is happening? Let us explain.
(a thread)
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