LIVE 03_12_25 - Housing market shift: Income needed up 79% in 5 years!
The income needed to purchase a typical U.S. home has skyrocketed by 79% in just five years, rising from $51,646 in January 2020 to $92,538 in January 2025. This rapid increase is driven by soaring home prices and higher mortgage rates, while average weekly earnings have only grown by 25% and inflation by 23% during the same period. The housing market's affordability crisis has led to constrained home sales, with many homeowners unable or unwilling to trade their lower mortgage rates for today's costs.===========================================✅ - Ready to find the right loan? Start your stress-free journey today: theeducatedhomebuyer.com/start➡️Let Us Contact You When Rates Move Lower -http://www.theeducatedhomebuyer.com/ratewatch📩 - info@theeducatedhomebuyer.com💻 - http://www.theeducatedhomebuyer.com===========================================Connect with me 👇 Jeb Smith (huntington beach Realtor/orange county real estate) DRE 01407449 Real BrokerConnect with me 👇 Josh Lewis (Huntington Beach Certified Mortgage Expert) DRE 01209148 Buywise Mortgage M:714-916-5727