Homes Still at Unaffordable Highs Despite Settling Prices
Savings Corner
DECEMBER 23, 2023
The trend maintained a 16-year high hit last quarter as expenses require one-third of the nationwide average wage. A median-priced home consumes 33.7% This assumes a $67,000 down payment and a $268,000 loan, to allow wage earners not to spend more than 28% of their pay on mortgages, property taxes, and insurance.
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