A big issue for the housing market is affordability. Catalaysts anchor Madison Mills joins Josh Lipton on Asking for a Trend to take a closer look at...
on Asking for a Trend to take a closer look at housing affordability and what it means for prospective homebuyers .The American dream of home ownership may be further out of reach as the average cost of a house is becoming harder to afford Yahoo finances, Madison Mills joins me now with a closer look, Matty, thanks so much Josh.The average price of a home is seven 0.2 times as high as the median household income in the US.Beautiful circle for me at the end of 2024.
Take a listen where there hasn't been a lot of activity um has been in homes that are, let's say under 300,000.And from uh from our math, if you look at uh uh homes versus uh homes to households, the US actually doesn't have a housing shortage.
Those individuals unfortunately are in a place where due to the pressures of mortgage rates in particular, they're just struggling to uh look for other options in terms of moving.
Madison Mills Josh Lipton Housing Market Prospective Homebuyers Affordability
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