Report: Tampa Bay homebuyers need to earn double their salary to afford a home

The average Tampa Bay homebuyer needs to earn more than they would have last year to buy a home in this housing market. In 2022, homebuyers in Tampa Bay had to make a yearly income of $74,000 to afford a home, according to luxury real estate company RubyHome. But as the housing market fluctuates, that number is now $113,000. To find these numbers, the company used year-over-year comparisons of median home prices and interest rates, taxes and insurance calculations to generate monthly mortgage payment…Original Article