US Housing Affordability Worsening: Bankrate Study

Don Ma
By Don Ma
April 3, 2024Business Matters

A new study by Bankrate has found that homebuyers now need a six-figure salary to afford a median-priced home in 22 states and the District of Columbia. Four years ago, only 6 states and the District of Columbia required a six-figure salary to be able to afford a typical home. NTD’s Don Ma spoke with Bankrate analyst Jeff Ostrowski to discuss why homes are becoming less affordable, and what to expect in the near future.

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