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U.S. homes are now the least affordable on record. You now need over $120,000 in income to afford a median-priced home, per the Atlanta Fed, more than the typical household earns. 30-year mortgage rates hit 7.24% in mid-September. The monthly payment on a $500,000 loan has jumped about $400, to roughly $3,400. Home sales have plunged to a 31-year low. U.S. homes have become the least affordable on record, according to data from the Federal Reserve Bank of Atlanta. Read more: https://t.co/8VLSZ9KhaK