The gap between home prices and earnings has grown faster in Texas than it has nationwide over the last 10 years, according to a new report.
The State of Homelessness report from Harvard found prespective homeowners need to earn more than $100,000 a year to qualify for a mortgage to buy a median priced house in and around Houston, Austin, and in North Texas.
The report's lead author Daniel McQue said prices surged through the pandemic. It also accounts for different costs like insurance and property tax.
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