Rising Prices Make Homeownership 80% More Expensive Than It Was in 2020

A new report from Zillow reveals that the average person would need over $106,000 in annual income to afford a home. That’s an 80% increase from before the COVID-19 pandemic. Home prices have increased dramatically while wages have lagged behind, and the result is a housing market that’s closed to many people who would have been able to buy a home in the past.

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