Like home appreciation, the cost of homes in nearly every market continues to rise, challenging interested homebuyers who seek to afford "The American Dream" of owning.
Nowhere is this more apparent than in Tampa, where homebuyers there need to earn $67,353 annually to afford the metro area's typical monthly mortgage payment of $1,684, according to a new report from real estate brokerage Redfin.
That spike represents a stunning 47.8% ($21,791) increase from a year earlier.
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