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.
US Housing Affordability Worsening: Bankrate Study
By Don Ma