{"id":168,"date":"2025-05-27T12:00:00","date_gmt":"2025-05-27T12:00:00","guid":{"rendered":"https:\/\/www.adelyahomes.com\/blog\/?p=168"},"modified":"2025-05-27T12:00:00","modified_gmt":"2025-05-27T12:00:00","slug":"buying-a-home-requires-50-more-income-than-it-did-five-years-ago","status":"publish","type":"post","link":"https:\/\/www.adelyahomes.com\/blog\/?p=168","title":{"rendered":"Buying a home requires 50% more income than it did five years ago"},"content":{"rendered":"<div class=\"roomvu-news-container\">\n<p>Affording a new home has become significantly more challenging, with a typical household income requirement of $117,000 in 2025, up from $78,000 before the pandemic. This 50% increase contrasts with a 27% rise in wages. High home prices and mortgage rates are key factors, making it difficult for first-time buyers, who often rely on loans. Cash buyers dominate the market, pushing the average age of first-time buyers to 38. Home prices are projected to rise another 5% this year, while the rental market remains more affordable.<\/p>\n<p>\t<a class=\"roomvu-news-continue\" href=\"https:\/\/www.marketplace.org\/2025\/03\/31\/buying-a-home-requires-50-more-income-than-it-did-five-years-ago\/\"><\/p>\n<div>Continue to full article<\/div>\n<p>\t<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Affording a new home has become significantly more challenging, with a typical household income requirement of $117,000 in 2025, up from $78,000 before the pandemic. This 50% increase contrasts with a 27% rise in wages. High home prices and mortgage rates are key factors, making it difficult for first-time buyers, who often rely on loans. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-168","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.adelyahomes.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.adelyahomes.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.adelyahomes.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.adelyahomes.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.adelyahomes.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=168"}],"version-history":[{"count":0,"href":"https:\/\/www.adelyahomes.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/168\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.adelyahomes.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.adelyahomes.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.adelyahomes.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}