Post Tagged with: "mortgage affordability"

The New Rules of Homebuying: Budgeting for a House in 2025

The New Rules of Homebuying: Budgeting for a House in 2025

For decades, buyers have been told to follow one simple rule: Don’t spend more than 30% of your income on housing. That is the gold standard. The budget benchmark. The line in the sand between “affordable” and “overextended.” But in 2025, that line no longer seems attainable. According to a Realtor.com® Affordability Report, the typical U.S. household would need to spend 44.6% of their income to buy a median-priced home today. And in cities like […]

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