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....
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2023 Ends With New Homes Remaining Unaffordable For Most