Twenty Years Later, Buying a House Is Less of a Bite

30 Dec 2005 10:10 am

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Monthly mortgage payments vs. income.

Nationwide, a family earning the median income - the exact middle of all incomes - would have to spend 22 percent of its pretax pay this year on mortgage payments to buy the median-priced house, according to an analysis by Moody’s Economy.com, a research company.

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