$126,700 Income Now Required for Median Home as First-Time Buyers Hit Historic Low
Harvard's Joint Center for Housing Studies reports buyers need $126,700 annual income to afford a $412,500 median-priced home. First-time buyers now represent a historically low share of transactions, while repeat buyers with existing home equity dominate purchases. The bifurcation is creating structural advantages for REITs over traditional homebuilders.
ViaNews Editorial Team (Markets)•