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Wednesday, September 25, 2024

Income needed to buy a home falls for first time since 2020: report

Income needed to buy a home falls for first time since 2020: report
The annual income buyers need to afford a house fell for the first time since 2020, driven by the first annual decline in mortgage rates in three years. Homebuyers need to earn $115,454 per year to afford a typical home, down 1.4 percent from a year ago, according to a new report by the real…

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