First-Time Buyers Must Make $76,000 to Afford the Typical U.S. Starter Home–Up 8% From a Year Ago
Buyers must earn nearly twice as much as before the pandemic to afford the typical starter home, due to the one-two punch of high prices
As a data journalist at Redfin, Dana Anderson writes about the numbers behind real estate trends. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.
Buyers must earn nearly twice as much as before the pandemic to afford the typical starter home, due to the one-two punch of high prices
Young Americans who have the means are turning to family for help with down payments as housing costs soar. Working a second job is also
The supply of homes for sale is picking up in time for spring homebuying season, and improving inventory is attracting some buyers. The total number
New listings rose 13% from a year earlier, their biggest increase in nearly three years, but home prices and mortgage rates remain elevated. The median
There are more homes for sale as spring approaches, and house hunters are hitting the pavement. Home touring activity is rising, and mortgage-purchase applications are
The racial homeownership gap is biggest for millennials, but it exists in every generation. Redfin economists expect the gap to shrink for millennials in the
Buyers must earn nearly twice as much as before the pandemic to afford the typical starter home, due to the one-two punch of high prices
Young Americans who have the means are turning to family for help with down payments as housing costs soar. Working a second job is also
The supply of homes for sale is picking up in time for spring homebuying season, and improving inventory is attracting some buyers. The total number
New listings rose 13% from a year earlier, their biggest increase in nearly three years, but home prices and mortgage rates remain elevated. The median
There are more homes for sale as spring approaches, and house hunters are hitting the pavement. Home touring activity is rising, and mortgage-purchase applications are
The racial homeownership gap is biggest for millennials, but it exists in every generation. Redfin economists expect the gap to shrink for millennials in the