Reported 25 days ago
In 2024, the median price of a new home is $495,750, yet 77% of American households cannot afford it, according to the National Association of Home Builders. Understanding the factors that influence home affordability is crucial for aspiring homeowners, as it allows them to set a realistic budget and determine a comfortable price point tailored to their financial situation. This article from Yahoo Finance provides detailed insights on calculating the real costs involved in homeownership.
Source: YAHOO