Why Homes Feel Less Affordable: Prices Running Ahead of Paychecks
U.S. home prices have surged 47% since 2019, while household incomes rose only 22%, leaving millions priced out of homeownership. Even as mortgage rates ease near 6.3%, affordability remains at record lows, with coastal and Sun Belt metros hardest hit and only a few Midwest cities still within reach for median-income buyers.
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