The dream of homeownership has recently become increasingly elusive, particularly for first-time buyers. A report from Redfin, a prominent online real estate firm, highlights this stark reality. According to the report, as of August, a household income of $115,000 is required to purchase a median-priced home. This figure is substantially higher, by about $40,000 than the average household income, underscoring the affordability crisis in the housing market. The situation is further exacerbated by the rise … Continue reading Planning to Retire This Century? Here’s Why You Need to Pay Attention to the Housing Market NOW