In a bygone era two years ago, a typical family in Southern California needed to earn $134,000 to buy a median-priced house. The same family must now rake in $207,000. A local... Read more »
Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according... Read more »
The last two years of soaring mortgage rates and rising home prices have brought the fastest erosion in housing market affordability in modern history, and it’s hurt first-time homebuyers the most. A... Read more »