How Much Money You Need Annually To Buy A $400,000 Home
Over the past two years, home prices have skyrocketed amid the combined impacts of a global pandemic and housing inventory shortages. Between 2020 and 2022, home prices soared 30%, according to Freddie Mac. And by 2022, the median sale price for a home in the U.S. stood at $397,549, according to Redfin.
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