Homes aren’t getting cheaper — or necessarily easier to secure.
This year, the median household income for home buyers jumped to $107,000 from $88,000 last year, according to the National Association of Realtors. The volume of homes for sale in the U.S. reached a record a low, meanwhile — and shows no sign of recovery.
Now, one might argue the increasing price and interrelated decreasing supply of homes are positive trends, in fact, because they could push families toward more environmentally friendly, sustainable alternatives. Studies show that single-family suburbs contribute significant greenhouse gas emissions while discouraging affordable new housing.
But startups such …
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