November 22nd 2022
The Street
Evidence continues to pile up that buying a home has become too expensive, leading some to believe that the American Dream of homeownership is slipping away. Exhibit A is a new study from Redfin stating that U.S. homebuyers need an income of $107,281 to purchase a typical home. The report also noted the median monthly payment for a new home is $2,682, as of October 2022.
https://www.thestreet.com/personal-finance/want-to-buy-a-house-now-heres-how-much-money-you-need