The U.S. housing market has gotten so expensive that income would have to jump 55% to make buying ‘affordable,’ real estate executive says

There’s one undeniable fact about the U.S. housing market. It’s just not affordable for the vast majority of potential homebuyers. It hasn’t been cheap to buy a house in decades, if ever, but the Pandemic Housing Boom started a huge run-up in prices as remote and hybrid work expanded the map for millions...