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Families Must Spend 38% of Their Income on Mortgage Payments

Summary by Eye On Housing

In a clear sign illustrating the housing affordability challenges facing Americans, the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI) found that in the fourth quarter of 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new...

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Families Must Spend 38% of Their Income on Mortgage Payments

In a clear sign illustrating the housing affordability challenges facing Americans, the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI) found that in the fourth quarter of 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new...

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Eye On Housing broke the news in 3 days ago on Thursday, February 20, 2025.

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