It's the American dream to own a home but affordability rates keep falling. Consumer Investigator Rachel DePompa talks to Money & Mimosas about finding affordable housing programs across the nation.
that in order to afford a median-priced home, buyers should have $117,100 in annual income, making home affordability out of reach for many., said there are a lot of programs around the country with people working tirelessly to help address the needs of local communities.
With the increase in home prices outpacing many people’s salaries, affordable housing can help fill in the gap, according to Doe. She said the best way to find programs in your area is to start Googling.
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