Young Middle-Income Buyers Frustrated As US Home Costs Rise Faster Than Incomes

Young Middle-Income Buyers Frustrated As US Home Costs Rise Faster Than Incomes Authored by Mary Prenon via The Epoch Times, Stealers Wheel's 1973 hit "Stuck in the Middle with You" could well become the theme song for today's middle-income, first-time home buyers who don't qualify for affordable housing programs yet cannot afford market-rate homes. The current housing shortage suggests pent-up demand is building among young homebuyers. Andrey_Popov/Shutterstock The household income required to purchase a starter home, currently priced under $350,000 in the United States, has surged more than 80 percent to $78,000 from $43,000 in 2019, according to a July 20 report from Realtor.com. By contrast, the median household income...

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