Mortgage rates are quickly approaching 7% again, after rising each of the first two weeks in January. Nationally, it means the household income now required to afford the typical starter home is $70,164, up more than 100% from just $32,357 in 2019, according to a new analysis from the Realtor.com® economic research team.
Full article here: The Income Needed in Each State To Afford a Starter Home at a 7% Mortgage Rate
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