Part 4/12:
To afford the median-priced home, a buyer now needs to earn at least $114,000 annually, a stark increase of $47,000 over six years. Wages, however, haven't kept pace, exacerbating the affordability crisis. The median income needed to buy a typical home far exceeds the average American earner, pushing ownership further out of reach.
This data concretizes Carlson’s assertion: the economic environment has become skewed to favor rising home prices even as wages stagnate.