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Home Prices Outpacing Incomes Nationwide | Dayton News
Home prices are skyrocketing faster than incomes across all 50 states, creating a widening affordability crisis—even with $460 billion in government housing spending over the past decade. In 48 states, the gap between home price growth and income growth hit double digits, averaging 43 percentage points nationwide. States like Idaho, Florida, and Arizona saw the steepest disparities, fueled by population surges. For most Americans, saving for a 20% down payment now takes more than a year’s median income—up to 19 years in California. Experts argue that pouring more money into housing programs…
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