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“Why have home prices gone up so quickly? Blame supply and demand. The supply of homes has been constrained by a number of factors, including muted homebuilding and the lock-in effect.”

– Jeff Ostrowski

Americans need a six-figure salary to afford a typical home in nearly half of U.S. states

Aspiring homeowners need a six-figure salary to afford a typical home in nearly half of states in 2024, according to a new Bankrate study.
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National average banking rates

1 Year CD 1.73%
3 Year CD 1.40%
5 Year CD 1.42%
Savings Account 0.58%

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