How many years' worth of income do homebuyers across the globe need to afford a starter home? A new article revealed the amount required and in which countries beginning homes are affordable to buy—and where they're not.
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How Many U.S. Households Are Considered ‘House Poor’?
According to a new Creditnews report, the number of American households considered "house poor" varies by state, with 17 exceeding the national average, as housing affordability continues to put financial pressure on prospective homebuyers and homeowners alike.
Read More »The Impact of Inventory, Rates, and Down Payments on the American Dream
The average down payment now takes nearly 7.5 years to save up, and the effect that stat is having on the market is adding to the number of cost-burdened Americans nationwide.
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