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Buying a house in 2023? Here’s how much is needed to afford the typical US home

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foxbusiness.com/lifestyle/buying-house-2023-heres-how-much-needed-afford-typical-us-home

With high borrowing costs and steep home prices, potential buyers need to make at least $114,627 to afford a median-priced home in the U.S. That's a new record.
It marks the highest annual income households have ever needed to buy a home, and is about $40,000 more than what the typical American household pulls in annually, according to a recent report from real estate…

This story from foxbusiness.com was posted on 2023-10-22 by @volcano.

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