This means that a first-time homebuyer needs to earn an annual salary of around $64,500 — which is over $10,000 higher than the average wage of Americans aged 25-34 — and up 13% from $57,222 a year ago.

    • RotaryKeyboard@lemmy.ninjaOPM
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      1 year ago

      I wonder how the average price can be so low. My entry-level house was more than that, and I bought it ten years ago at the end of the Great Recession, when houses had just finished losing a ton of value.