Homes Are “Unaffordable” in 99 Percent of U.S. Counties

September 28, 2023

by Michael Snyder The Economic Collapse Blog

If you are looking to buy a home right now, I feel so sorry for you. The other day when I wrote that “life in America has never been more unaffordable than it is right now”, some people thought that I was exaggerating. But the truth is that I was not exaggerating one bit. The cost of living has risen to extremely painful levels, and this is particularly true when it comes to housing. Since 2019, the median price of a home in the United States has risen by more than $100,000. And thanks to the Federal Reserve, we are now facing dramatically higher interest rates. As a result, housing has become extraordinarily unaffordable. In fact, a new report that was just released determined that homes are currently “unaffordable” in 99 percent of U.S. counties…