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re: US homeowners hit the jackpot. Median homes up 53% from Jan 2020 to Aug 2023
Posted on 10/1/23 at 7:35 am to Street Hawk
Posted on 10/1/23 at 7:35 am to Street Hawk
quote:
The median price of an existing home in the US rose nearly 53% from $266,300 in January 2020 to $407,100 in August 2023
Honest question, what does someone need to make to swing a 410k home? I got divorced last year and ended up selling her my house at a discount due to my lawyer telling me that I would end up having to pay her about 60k cash if I didn’t take that deal.
I make good money, especially for my area. I just don’t understand what people are making to pay for all the 350k houses around me. Are people just that indebted or am I naive on what people actually make money-wise?
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