If mortgage rates were 0%, median wages qualify buyers in just 12 states

It’s hard to fathom just how unaffordable the homeownership dream has become.
Industry buzz suggesting that a subtle dip in mortgage rates could make a noteworthy difference for homebuyers is somewhat misleading. Let me offer what I’ll admit is an absurd example.
Think of 30-year mortgages with no interest. Yes, 0%.
My trusty spreadsheet found that under this homebuyer’s ultimate dream scenario, the median wage requirement met rough qualification standards in just 12 states: We