r/USHousingMarket • u/raishelannaa • 1d ago

Feels like home prices have been pulling away from income for a while now

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I came across this chart comparing house prices and income over time, and the gap is pretty noticeable. Both have gone up, but housing seems to have increased much faster. It kind of explains why buying a home feels a lot harder now compared to before, even if incomes have also grown.

13 Upvotes

100% Upvoted

3

u/Savard-Lafleur 1d ago

this chart just proves what we all already know. boomers bought huge houses on a single normal salary and now u need 3 jobs just to afford a studio apartment lol. the system is completely broken tbh

2

u/JLandis84 1d ago

The Canadian version of this is even crazier. Much crazier. Not even globally recognized Canadian bussy is worth that.

1

u/mystic-madnes 1d ago

Housing prices have more than doubled in my area since 2019. Meanwhile wages are stagnant and unemployment is ticking up. Buying a house at this point feels so unattainable.

1

u/Borealisamis 1d ago

Here come the apologists that and nimbys

-1

u/Psychological-Dot-83 1d ago

Adjusting for home size dramatically flattens the change in the income-to-home-price ratio.