According to October data from the Federal Reserve Bank of Atlanta, a San Jose family with a median income of $156,700 would need to spend 80% of their income on housing — including an $8,600 monthly mortgage payment — to own a median-priced $1.54 million home. That's far higher than the general rule of thumb that people should pay no more than 30% of their income on a mortgage or rent.

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Winnipeg Free Press

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With home prices and mortgage rates high, many families find the American dream out of reach

With home prices high, American families are grappling with the prospect that homeownership might remain out of reach for them for a long time

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Evgeny Lebedev

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The Petersen family’s two-bedroom apartment in northern California is starting to feel small. Four-year-old Jerrik’s toy monster trucks are everywhere in the 1,100-square-foot unit in Campbell, just outside of San Jose. And it’s only a matter of time before 9-month-old Carolynn starts amassing more toys, adding to the disarray, says her mother, Jenn Petersen. The […]

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abc News

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Many families find the American dream out of reach as home prices high

The Petersen family's two-bedroom apartment in northern California is starting to feel small.

Washington Times

The Washington Times LLC

If you're looking for a new home, you may be feeling a bit pessimistic about the current outlook for home buying. Home prices and mortgage rates are both at historically high levels.

如果你正在尋找新房，可能會對眼下的購房前景感到不太樂觀。當前的房價與抵押貸款利率均處於歷史較高水平。

美國房價與房貸利率何時回落？ | 抵押貸款 | 新房

大纪元 Epoch Times

Falun Gong

When will US house prices and mortgage rates fall?

The Petersen family’s two-bedroom apartment in northern California is starting to feel small. Four-year-old Jerrik's toy monster trucks are everywhere in the 1,100-square-foot unit in Campbell, just outside of San Jose.

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Rocky Mountain Outlook

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Flin Flon

The Petersen family’s two-bedroom apartment in northern California is starting to feel small. Four-year-old Jerrik’s toy monster trucks are everywhere in the 1,100-square-foot unit in Campbell, just outside of San Jose. And it’s only a matter of time before 9-month-old Carolynn starts amassing more toys, adding to the disarray, says her mother, Jenn Petersen. The 42-year-old chiropractor had hoped she and her husband, Steve, a 39-year-old dental…

With home prices and mortgage rates high, many families find the American dream out of reach

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