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Housing Prices Outpace Incomes Nationwide | Annapolis News
Housing prices soared faster than incomes across all 50 states over the past decade, widening affordability gaps—even as HUD poured $460 billion into housing programs. States like Idaho, Florida, and Arizona saw the biggest jumps, fueled by pandemic migration and skyrocketing demand. In nearly every state, saving for a 20% down payment now takes more than a year’s median income—sometimes over two and a half years in the priciest markets. Experts argue that pouring more money into existing programs isn’t solving the root problem: stagnant wages can’t keep up with soaring home costs. The real…
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