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SRVR - 2023 Ends With New Homes Remaining Unaffordable For Most
Pacer Benchmark Data & Infrastructure Real Estate SCTR
2024-02-07 10:45:00 ET
Summary
Government-subsidized VA and USDA mortgages have a 0% down payment requirement for those eligible.
In December 2023, the median household income was about $77,000.
The monthly mortgage payment for the median new home sold during December would consume 42% of the typical American household's income.
Before starting this article, let's do a quick survey of news headlines that have appeared in the media during the past week. See if you can pick up on what has become a common theme....