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Home ownership further out of reach a rising prices, high mortgage rates widen affordability gap

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LOS ANGELES (AP) — Home ownership is receding further out of reach for most Americans as elevated mortgage rates and rising prices stretch the limits of what buyers can afford.

A homebuyer now needs to earn at least $114,000 a year to afford a $431,250 home — the national median listing price in April, according to data released Thursday by Realtor.com

The analysis assumes that a homebuyer will make a 20% down payment, finance the rest of the purchase with a 30-year fixed-rate mortgage, and that the buyer’s housing costs won’t exceed 30% of their gross monthly income — an often-used barometer of housing affordability.

Based off the latest U.S. median home listing price, homebuyers need to earn $47,000 more a year to afford a home than they would have just six years ago. Back then, the median U.S. home listing price was $314,950, and the average rate on a 30-year mortgage hovered around 4.1%. This week, the rate averaged 6.76%.

The annual income required to afford a median-priced U.S. home first crossed into the six figures in May 2022 and hasn’t dropped below that level since. Median household income was about $80,600 annually in 2023, according to the U.S. Census bureau.

In several metro areas, including San Francisco, Los Angeles, New York and Boston, the annual income needed to afford a median-priced home tops $200,000. In San Jose, it’s more than $370,000.

Rock-bottom mortgage rates turbocharged the housing market during the pandemic, fueling bidding wars for homes that pushed up sale prices sometimes hundreds of thousands of dollars above a seller initial asking price. U.S. home prices soared more than 50% between 2019 and 2024.

The U.S. housing market has been in a sales slump since 2022, when mortgage rates began to climb from their pandemic-era lows. Sales of previously occupied U.S. homes fell last year to their lowest level in nearly 30 years. In March, they posted their largest monthly drop since November 2022.

It’s not all bad news for prospective homebuyers.

Home prices are rising much more slowly than during the pandemic housing market frenzy. The national median sales price of a previously occupied U.S. home rose 2.7% in March from a year earlier to $403,700, an all-time high for March, but the smallest annual increase since August.

In April, the median price of a home listed for sale rose only 0.3% from a year earlier, according to Realtor.com.

Buyers who can afford current mortgage rates have a wider selection of properties now than a year ago.

Active listings — a tally that encompasses all homes on the market except those pending a finalized sale — surged 30.6% last month from a year earlier, according to Realtor.com. Home listings jumped between 67.6% and 70.1% in San Diego, San Jose and Washington D.C.

As properties take longer to sell, more sellers are reducing their asking price. Some 18% of listings had their price reduced last month, according to Realtor.com.

“Sellers are becoming more flexible on pricing, underscored by the price reductions we’re seeing, and while higher mortgage rates are certainly weighing on demand, the silver lining is that the market is starting to rebalance,” said Danielle Hale, chief economist at Realtor.com. “This could create opportunities for buyers who are prepared.”



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‘Doctor Who’ and Eurovision will unite for a night of music and intergalactic adventure

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LONDON (AP) — “Doctor Who” and Eurovision unite for an evening of music and intergalactic adventure on Saturday — all thanks to Russell T Davies.

Before fans tune in for the annual song contest, they can enjoy Ncuti Gatwa’s Doctor and Varada Sethu’s Belinda Chandra attending the Interstellar Song Contest in an episode of the sci-fi series.

In real life, the Eurovision Song Contest is an annual musical competition and TV event that sees 37 countries compete for a crystal microphone trophy over a four-hour live broadcast. In the interstellar version, aliens from 40 different worlds vie to win, also by singing.

Davies says it took three years to pull it off the doubleheader because they had to work with the BBC to set the schedule and storylines in stone to ensure a perfect alignment.

Britain’s Sam Ryder took a “Space Man” to Eurovision before, in 2022. Now, Gatwa will read out the U.K.’s jury scores during the song contest’s grand final, held this year in Basel, Switzerland.

Talking to The Associated Press, Davies says that both Eurovision and “Doctor Who” share the DNA of old-fashioned Saturday night television, making the combination “irresistible.”

This conversation has been edited for clarity and brevity.

Eurovision flags wave in front of the 500-year-old Basel Town Hall in the city center ahead of the first semi-final of the 69th Eurovision Song Contest, in Basel, Switzerland, Tuesday, May 13, 2025. (AP Photo/Martin Meissner)

Eurovision flags wave in front of the 500-year-old Basel Town Hall in Basel, Switzerland, Tuesday, May 13, 2025. (AP Photo/Martin Meissner)

Eurovision flags wave in front of the 500-year-old Basel Town Hall in Basel, Switzerland, Tuesday, May 13, 2025. (AP Photo/Martin Meissner)

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This image released by Disney shows Rylan Clark, left, and Julie Dray from "Doctor Who" Season 2. (BBC Studios/Disney/Bad Wolf via AP)

This image released by Disney shows Rylan Clark, left, and Julie Dray from “Doctor Who” Season 2. (BBC Studios/Disney/Bad Wolf via AP)

This image released by Disney shows Rylan Clark, left, and Julie Dray from “Doctor Who” Season 2. (BBC Studios/Disney/Bad Wolf via AP)

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AP: Do you feel that Eurovision and “Doctor Who” naturally share a kind of fandom?

DAVIES: I almost think every episode of “Doctor Who” is a great big celebration, sort of noise and color and spectacle, and that sums up Eurovision as well. In pitching this to Disney+ as well it’s like, “Look we’re going out in 60 of your territories” and Eurovision itself has a viewing figure that some years is bigger than the Super Bowl. There’s not many shows that can say that on planet Earth.

AP: How much fun did you have with the lore of Eurovision?

DAVIES: It’s enormous fun. It could be said if you’ve never seen a single Eurovision Song Contest in your life, you can still come along and watch this. It’s the kind of thing we’d have made up for a “Doctor Who” story anyway.

One day I’ll do that “ABBA Voyage” story where the holograms come to life and start killing people. That’s the best idea ever. We’ve got to do that one then. Can you imagine? That would be just amazing. I think there might be some copyright problems with that but we’d overcome them.

The actual pitch for the story to Juno (Dawson), who wrote it, was Eurovision meets “Die Hard.” So as you will see, the moment it starts, there’s trouble, someone’s out to sabotage it. There are villains behind the scenes trying to disrupt the program. All chaos is let loose and the rest of the episode is spent saving people’s lives after that.

AP: How about the songs?

DAVIES: I think there’s four songs in total (by Murray Gold). Obviously we don’t get to all 40 planets with their songs, but it was a very big production. We had to hive this off into its own production unit. There are scenes in the television gallery, where 40 different monitors have output of 40 different screens. And that’s all been fed in live. That’s not done with green screen afterwards, that’s all stuff they’d already shot. Crowds, acts, rehearsals, backstage, presenters, all of that stuff, playing onto that set, so it’s terribly complicated.

“Doctor Who” showrunner Russell T. Davies explains why an intergalactic spin on the Eurovision Song Contest was an irresistible storyline for Season 2’s May 17 episode. (May 13)

AP: Is this the most expensive episode of “Doctor Who”?

DAVIES: Frankly, they’re all expensive. It was a lot, yes. It had to be planned very far in advance, more than any. Once you plan something carefully, then it costs less just because you’re not busking. We allocate each story more or less the same amount of money. So I think it ends up costing as much as the others, but it just looks so good because they had so much time to plan it.

AP: Am I allowed to ask how much an episode normally costs?

DAVIES: We never say that. I don’t know why, but we just don’t ever do it. I don’t think they’d tell me. I’d faint.

This image released by Disney shows Christina Rotondo from "Doctor Who" Season 2. (BBC Studios/Disney/Bad Wolf via AP)

This image released by Disney shows Christina Rotondo from “Doctor Who” Season 2. (BBC Studios/Disney/Bad Wolf via AP)

This image released by Disney shows Christina Rotondo from “Doctor Who” Season 2. (BBC Studios/Disney/Bad Wolf via AP)

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AP: Are you planning to watch Eurovision this year?

DAVIES: Yes, I will be. This will be a great night. I always sit and watch “Doctor Who” — I’m old-fashioned — on its old-fashioned BBC One transmission at 7 o’clock at night.

I know people who have Eurovision parties, which I’ve never gone to actually. Look at my life, it’s devoted to television. I can’t bear other people talking over it. That would just be a nightmare. So I will be sitting in. I’ll get some nice dinner. I’ll be a very happy man.

AP: Have you got any favorites for this year?

DAVIES: I would like to go on a date with the man from Cyprus (Theo Evan). He’s beautiful. I do like the U.K. entry this year (“What the Hell Just Happened?” by Remember Monday). I have a theory it’s being underestimated in Great Britain. Just because we’re so used to losing. We’ve won five times, everyone. But this country gets a bit cynical about Eurovision sometimes. But I love our song. I think it’s got a very memorable chorus.



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US egg prices fall for the first time in months but remain near record highs

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U.S. retail egg prices fell in April from the record-high prices they hit earlier this year, according to government data released Tuesday.

The average price for a dozen Grade A eggs declined to $5.12 last month after reaching a record $6.23 in March, according to the Consumer Price Index. It was the first month-to-month drop in egg prices since October 2024.

Overall, the average price of eggs of all sizes fell 12.7%, the steepest monthly decline since March 1984.

While wholesale egg prices have been coming down for a while, it was unclear how much store prices would decrease in April because consumer demand is usually high around Easter and Passover.

Still, retail egg prices remain near historic highs as a persistent outbreak of bird flu wipes out flocks of egg-laying hens. The April average price for a dozen large eggs was 79% higher than the Bureau of Labor Statistics reported for the same month a year ago, when the price averaged $2.86 per dozen.

Bird flu has killed more than 169 million birds since early 2022. Any time a bird gets sick, the entire flock is killed to help keep bird flu from spreading. Once a flock is slaughtered, it can take as long as a year to clean a farm and raise new birds to egg-laying age.

That can have an effect on the egg supply because massive egg farms may have millions of birds. Outbreaks on two farms in Ohio and South Dakota last month affected more than 927,000 egg-laying hens.

Lowering egg prices has been a particular focus of President Donald Trump. In February, the U.S. Department of Agriculture said it would invest $1 billion to help farmers improve their biosecurity measures to fight bird flu.

The U.S. has also increased imports of eggs from South Korea, Turkey, Brazil and other countries. According to Wells Fargo Agri-Food Institute Sector Manager Kevin Bergquist, the volume of egg and egg product imports increased 77.5% during the first three months of the year compared to the same period a year ago.

The antitrust division of the U.S. Department of Justice is also investigating Cal-Maine Foods, the largest U.S. egg producer, which supplies around 20% of America’s eggs. Cal-Maine confirmed the investigation in early April..

Ridgeland, Mississippi-based Cal-Maine said its net income more than tripled to $508.5 million in its most recent quarter, which ended March 1.



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Allergic gardeners can choose plants that produce less floating pollen

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For many, the return of the spring garden brings with it a sneezy, itchy, foggy-headed feeling that hits the moment a warm breeze stirs up invisible trouble. I’m fortunate not to suffer much, but my blue car turned a chartreuse shade of yellow last week, and a $32 car wash provided results that lasted only two hours. Sigh.

These seasonal allergies often go by the old-fashioned name hay fever, but it’s not the hay that causes misery for so many, it’s the pollen.

And not just any pollen, but the nearly weightless kind that floats up our noses and engages our immune systems. Trees, weeds, grasses and even some of our favorite flowers are culprits.

But pollen isn’t all bad. It’s essential to the reproduction of plants, the survival of insects and the entire food web. We humans could not survive without it, so we absolutely shouldn’t avoid high-pollen plants as a general rule. However, if you’re an allergy sufferer who has had to forgo planting a garden due to health reasons, plants that release the least pollen may enable you to smell the flowers.

Plants that might bring sneezes

Allergy-inducing plants are those that rely on wind rather than bees or butterflies to spread their pollen. Ragweed, which strikes in late summer and early fall, gets the most notoriety, but its springtime counterparts can be at least as irritating.

Trees most likely to cause symptoms include birch (Betula), catawba (Catalba), cypress (Cupressus), elm (Ulmus), hickory/pecan (Carya), oak (Quercus), sycamore (Platanus) and walnut (Juglans), according to the Ogren Plant Allergy Scale (OPALS), created by horticulturist Thomas Ogren and published in his 2020 book, “The Allergy-Fighting Garden.”

This article is part of AP’s Be Well coverage, focusing on wellness, fitness, diet and mental health. Read more Be Well.

Palm trees, too — but only the males. In fact, female trees don’t produce pollen at all, so seek them out when possible.

Grasses can irritate eyes and sinuses, too. The scale ranks Bermuda (except sterile male varieties), Johnson, Kentucky, orchard, sweet vernal and timothy grasses among the highest for allergens.

Weeds like ragweed, curly dock, lamb’s quarters, pigweed, plantain, sheep sorrel and sagebrush are also big pollen producers, Ogren found.

Not all plants are irritating to allergy sufferers

On the other hand, plants with “double” flowers or heavier pollen that doesn’t travel far are less likely to release much pollen.

Among trees, apricot (Prunus armeniaca), fig (Ficus), fir (Abies), fruiting pear (Pyrus), fruiting plum (Prunus domestica, Prunus insititia), redbud (Cerus), serviceberry (Amelanchier laevis), female ash (Fraxinus), female box elder (Acer negundo), female cottonwood/poplar (Populus), female maple (Acer), female palm (Arecaceae) and female willow (Salix) are easier on the respiratory system.

St. Augustine and sterile male Bermuda are safer bets in the grass department.

As for flowers, you’ve got options: Begonia, female clematis, columbine, crocus, daffodil, delphinium, hibiscus, impatiens, iris, bird of paradise, pansy, petunia, phlox, poppy, snapdragon, tulip, verbena and zinnia are friends. Roses, too — especially tightly packed, dense-petaled varieties, which exude even less pollen than those with single or semi-double flowers (rose allergies are more often fragrance-related than due to pollen, according to Ogren).

And if you suffer from seasonal allergies, keeping windows closed and getting someone else to mow the lawn will also help to nip your symptoms in the bud.

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Jessica Damiano writes weekly gardening columns for the AP and publishes the award-winning Weekly Dirt Newsletter. You can sign up here for weekly gardening tips and advice.

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For more AP gardening stories, go to https://apnews.com/hub/gardening.



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