Get the latest tech news
Housing 'affordability has just totally collapsed,' economist says
February 2021 was the last month when households earned more money than they needed to afford a home. While the deficit shrunk, costs remain high for buyers.
However, potential buyers are still on the sidelines, said Veronica Fuentes, a certified financial planner at Northwestern Mutual. The other metros where homebuyers making less than $100,000 can afford the typical home are Indianapolis, Warren, Mich., Cincinnati, Milwaukee, Kansas City, Virginia Beach, Va., San Antonio and Columbus, Ohio. New listings climbed 5% during the last four weeks ended March 17, the biggest year-over-year jump since May 2023, Redfin found.
Or read this on r/technology
