If adhering to the 30% rule, the typical U.S. homebuyer must earn at least $107,281 per year to afford the $2,682 monthly mortgage payment on the typical U.S. home. That number is up 45.6% from the $73,668 needed a year ago – the result of persistently high housing prices paired with mortgage rates.

Over the same time period, the average hourly wage in the US increased by around 5%, and inflation is also putting pressure on prospective buyers’ budgets.

For those homeowners (or investors) looking for some upside in the housing market, check out how you can invest as little as $100 in rental properties to earn passive income and build long-term wealth.

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