A good starting point is to know how much house you can afford. A monthly mortgage payment weighs heavily on your budget.

Lars Peterson joined Investopedia in 2023 as a senior editor of financial product reviews with a focus on personal loans, credit cards, mortgages, and other financial products and services. Lars has ...

Trying to afford a home in 2024? Say goodbye to your disposable income. First-time homebuyers are in trouble, according to a new report on the affordability gap by researchers at the JPMorganChase ...

With less than a month until voters choose the city’s next mayor, affordability continues to be the dominant issue in the race. Democratic frontrunner Zohran Mamdani is rolling out a new widget on his ...

To afford a $1 million home with a monthly payment of around $5,000, based on 20% down at 6.50% interest, you would need an annual income of at least $215,000. Personal factors like credit score, down ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. The average American household needs a ...

New homes sold in the United States remained out of the affordable reach of the typical American household for the 42nd consecutive month. As measured by the percentage of median household income ...