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4 days ago

The American dream now comes with a ZIP code: Here's where starter homes are still within reach

For many would-be homeowners, the financial hurdle to buying a starter home has grown dramatically over the past seven years. The income needed to afford a typical starter home has jumped more than 80% since 2019, according to a new Realtor.com report.Americans now need an annual household income of about $78,000 to afford a typical starter home, up from roughly $43,000 in 2019—an increase that has far outpaced wage growth and left many first-time buyers struggling to break into the housing market."First-time buyers aren't sitting on the sidelines because they don't want to own a home—it's bec...