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GOBankingRates
GOBankingRates
Crystal Mayer

JPMorgan Chase: Homebuyers Now Have To Spend 45% More of Their Incomes on Mortgages — Is Homeownership Still Worth It?

JPMorgan Chase

For hopeful homebuyers, the dream of owning property is often shattered by the stark reality that the housing market is nearly unaffordable. New data from JPMorgan Chase shows that homebuyers had to spend an additional 45% of their incomes on mortgage payments in 2024 compared with 2019.

Read Next: 7 Cities With Homes Expected To Plummet in Value in the Second Half of 2025

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