The housing affordability crisis is sparing no one. But rural America is feeling particular strain.In rural America, prices continue to rise and incomes haven't kept up, according to a new report from Redfin. The convergence of both factors is causing housing affordability to "erode faster than big cities and suburbs." Homeowners need an annual income of $74,508 to afford a median-priced home in rural U.S. counties, up a staggering 105.8% from before the COVID-19 pandemic. Prior to the pandemic, rural buyers only needed to earn $36,206, according to Redfin's analysis, which compares the third...
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