Americans have to make six figures to allow a medium price house

• In AprilThe national average list price for a house was about $ 431,250, revealed an analysis of Rhettor.com. Therefore, to allow a typical house, a home needs to win about $ 114,000 a year. But after years of appreciation of the price of wild housing, there has been a slowdown.

Pandemic changed the world of housing. Americans have to earn about 70% more today of six years ago to allow a medium price house, a monthly realtor.com analysis Posted on Thursday revealed.

In April, the price of the national average list of a house was about $ 431,250, an increase of almost 37% since April 2019, before pandemic. To allow a typical house comfortably, a home needs to win about $ 114,000 a year. This is a jump of $ 47,000, or 70.1%, compared to 2019. But the real home revenue in the United States is only $ 80,610, for the last government data.

This figure represents a fixed mortgage of 30 years, 20% of payment and not more than 30% of the gross income spent on housing. (The average payment It is 18% among all home buyers and 9% for first -time buyers; and more than 30% of the revenue spent on housing would fall under the with costs Definition.) However, a person or a home should make about $ 9,500 a month before taxes to cover the mortgage, property and insurance taxes, shows the analysis of Realtor.com.

The necessary income also vary geographically. In the Metropolitan Area of ​​Los Angeles, for example, the revenue needed to allow a typical house, with a price of $ 1,195,000, is $ 315,892, an increase of 86% in six years.

Home prices He fired all the pandemic because people could work from anywhere and wanted more space. Then, mortgage rates It fired from its rock bottoms of the pandemic period of the Under-3% once the Federal Reserve entered a adjustment cycle to dominate hot inflation. The two are still very tall, relatively talking. But the valuation of housing prices has been slowed and some economists predict They could fall this year and mortgage rates have dropped out of a decade high of 8%, at 6.81%. Therefore, there is a bit of silver coating.

“Even with current accessibility obstacles, significant changes in the market could give buyers a better shot to find a house,” said Danielle Hale’s chief economist in a statement. The number of houses for sale increases in many markets, he said: “Giving buyers more options they have had for years.”

In addition, sellers are becoming more and more flexible in prices, he said, “while the highest mortgage rates weigh on demand, the silver coating is that the market begins to rebalance.”

But the housing market is at unemployedAs they have been for a couple of years because not many people buy or sell. Fewer people buy homes because they cannot afford them, and the owners who got a mortgage rate low during the pandemic or have no mortgage do not sell. Although, it seems to be changing.

The number of actively listed houses increased by 30.6% compared to the same time last year. For the first time, the number of homes for sale in April exceeded the levels of April 2020: a pandemic reference point, according to the analysis of Realtor.com. But the active inventory is still below the typical pre-pandemic levels. However, more vendors return to the market than buyers and are reducing the prices to sell. In April, 18% of the listings had reductions in price, an increase of 2.5% compared to a year.

This story originally presented to Fortune.com