Average US Household Can Afford Only Cheapest 16% Of Listed Homes

Posted on January 4, 2024
Average US Household Can Afford Only Cheapest 16% Of Listed Homes

AUSTIN, TEXAS - OCTOBER 16: A home available for sale is shown on October 16, 2023 in Austin, Texas. Home sales have slowed as the cost of borrowing has increased and the country continues seeing record-high mortgage rates. (Photo by Brandon Bell/Getty Images)

For the average American, 2023 was the worst year ever for housing affordability—and now there’s more data to back it up.

Photo by Brandon Bell