U.S. Homes Were the Least Affordable on Record in 2023

Barron’s, Dec. 8, 2023–Casey Farmer
In 2023, someone making the median U.S. income—$78,642—would’ve had to spend 41.4% of their earnings on monthly housing costs if they had bought a $408,806 house, the nation’s median home price, according to a report from Redfin on Thursday. That’s the highest percentage since 2012, when Redfin began tracking the data, and up from last year’s 38.7%.
Click here for more. (subscription)