U.S. Needs More Than 300k More Mid-Tier Homes To Meet Demand
Middle-income buyers—classified as households earning up to $75,000— were once strong homebuying candidates with income to spare. Just five years ago, this group could afford to buy half of all available homes on the market. Now, they can afford just 23% of listings, according to an analysis from the National Association of Realtors (NAR) and…