A growing number of middle-class Americans can no longer afford to buy or rent homes that were once considered within reach, according to a report released Tuesday by the National Housing Conference.
The study, “Priced Out: When a Good Job Isn’t Enough,” found that housing affordability challenges once concentrated among low-income households now extend to a wide range of occupations and communities nationwide.
“These findings underscore the depth and breadth of the housing crisis, which is increasingly pricing out working families across the country regardless of geography or profession,” said David M. Dworkin, president and CEO of the National Housing Conference. “The housing affordability crisis is now hitting families in every metro area, for nearly every occupation.”
Rising costs since 2019
The analysis of 390 metropolitan areas found that nearly one-third now require double the income needed just six years ago to purchase a home…