The share of income required to afford a mortgage has risen to 30.2%, well above the established norm of 22.8% of a homeowner's income, according to an analysis by Zillow released Thursday
Opinion
Housing could be made more affordable. The problem? It's not in enough people's self-interest to do so
The US has been underbuilding for more than a decade, according to a new analysis by the National Association of Realtors. Without a solution, homeownership will become more difficult to obtain
Less populous areas and counties located in the Midwest and South are more likely to have more affordable homebuying than renting options, according to a report from Attom Data Solutions
Most agree the benefits far outweigh the financial obstacles