Ranging from $1.2 million in San Francisco to about $170,000 in Philadelphia As housing inventory remains low, home shoppers may find themselves with fewer options. Throw in the latest rise in home prices, and potential buyers on a budget are even more pressed for choices. With that in mind, the latest study from SmartAsset factors in budgeting costs and location to find the salary required to make home payments across the country. It’s worth noting, the report arrived at its figures while assuming a homebuyer would get a 30-year mortgage with a 4% interest rate for 80% of the home value (after paying a 20% down payment). The…

America’s housing market is undersupplied by 3.3 million units, and the shortage is getting worse every year, Freddie Mac said in a report on Friday. “New housing supply is not keeping up with rising demand,” said Sam Khater, Freddie Mac’s chief economist, who said the shortage is increasing by about 300,000 units a year as homebuilders fail to keep up with demand. Oregon is the most under-supplied state, followed by Colorado, Florida, and California, Khater said. The next two states are a bit of a surprise: Minnesota and Texas, where land shortages are not an issue. “More than half of all states have a…