Buying a home is now unaffordable for 26 million households – and things won't get better anytime soon

Dec 11 2022 by Business Insider

 
Rachel Linehan and her partner Dan saw their budget fall by nearly $100,000 between January and March.

Rachel Linehan

Up to 26 millions households were priced out of buying a home in the past year, per new research. National Association of Realtors says the median monthly mortgage payment rose $900 in a year. Rising mortgage rates combined with higher rents is locking out millions of first-time buyers.

Up to 26 million households have been priced out of the US housing market this year as...

Continue Reading Buying a home is now unaffordable for 26 million households – and things won't get better anytime soon