Homebuyers need to earn 80% more than they did in 2020 to afford a home in today's market

Home prices are up 42% since 2020, but because both rates and borrowing costs have skyrocketed, you need to earn 80% more to comfortably afford a home in today’s market. Median incomes have risen just 23% over the past four years, leaving many people out of the running for homeownership.