The affordability of owning a home in the U.S. has dramatically decreased from 2020 to 2024, requiring households to earn significantly more to afford a home comfortably. According to CBS and Zillow data, the required salary to afford a home has nearly doubled, showcasing an almost 50% increase. This rise in homeownership costs, attributed to higher home prices, mortgage rates, and rent growth, starkly outweighs the 23% increase in median household incomes.

What do you think is the reason for homes becoming less affordable for Americans?

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