A pair of recent studies predicts that you’d need to earn more than $100,000 per year to comfortably afford a typical home in much of the U.S. right now. That’s a major jump from just four years ago, and it comes at a time when fewer homes are on the market and mortgage rates and. House hunters, meanwhile, haven’t seen their wages increase at the same pace.
“Housing costs have soared over the past four years as drastic hikes in home prices, mortgage rates and rent growth far outpaced wage gains,” Zillow senior economist Orphe DivounguyA Zillow analysis released in February found that prospective homeowners would have to earn more than $106,000 annually to be able to buy a typical home in the U.
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