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The average entry-level home in the US has soared to a record $243K and experts say first-time buyers are being smoked by a 'one-two punch' (finance.yahoo.com)

submitted 1 year ago by [email protected] to c/[email protected]

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This means that a first-time homebuyer needs to earn an annual salary of around $64,500 — which is over $10,000 higher than the average wage of Americans aged 25-34 — and up 13% from $57,222 a year ago.

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[–] [email protected] 1 points 1 year ago

Not sure what to make of this article.

It does rightly point out the problems on the supply-side, but avoids any real discussion of zoning ordinances and significant shortages of workers in construction. It mentions the increases in lending rates, but only as a historical aside and does not link it to Federal Reserve Bank policy.

Also, it recommends diversifying your investment portfolio by investing in commercial real estate, which AFAIK is a dumpster fire of untenanted office spaces.