Where Data Tells the Story
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Since 2017, the salary needed to buy a median-priced home in America has more than doubled, driven by soaring home prices and elevated interest rates.
In major cities like Los Angeles and San Diego, home buyers need to shell out over $5,000 for monthly mortgage payments.
In San Jose, this jumps to $11,708 due to skyrocketing home prices driven by low housing supply and high demand from tech workers.