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Annual income required for homebuyers in the U.S. rises to approximately $114,000 to afford the typical home, according to latest findings.

Soaring mortgage rates and home prices, as per Realtor.com's analysis, are making it nearly impossible for the majority of U.S. citizens to achieve homeownership.

Annual income required for homebuyers in the U.S. rises to approximately $114,000 to afford the typical home, according to latest findings.

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BY Associated Press

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Soaring mortgage rates and escalating property prices are making homeownership a distant dream for the majority of American citizens, according to Realtor.com's analysis.

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