The American Dream on Hold: Why Homes Cost More Than Your Dreams
The median-priced home in the U.S. now costs a staggering $332,494, meaning prospective buyers need an annual income of at least $119,769 to afford it with a 10% down payment, according to a new survey from Clever Real Estate, a St. Louis-based real estate company. That’s about $45,000 more than the typical household earns annually ($74,755). Even with a 20% down payment, home buyers would […]
