The Income Needed to Afford Typical American Home Holds Steady Near Record High of $110,000
Housing costs keep rising, but so do incomes, leaving the income required to afford a home largely unchanged from last year’s record high. The income needed to buy a home is roughly $22,000 above what the typical U.S. household earns. But the gap is shrinking: it was $26,000 a year ago, and $29,000
Brooklyn’s Park Slope Tops Redfin’s Hottest Luxury Neighborhoods of 2026
Highland Park, IL and Overland Park, KS round out the top three. Demand from highly compensated employees of the San Francisco Bay Area’s AI companies earns Noe Valley the No. 7 spot among Redfin’s hottest luxury neighborhoods this year. Strong demand, despite elevated costs, is outpacing supply in
Expect Mortgage-Rate Volatility as Oil Prices Drop on Hopes of Iran Peace Talks Ahead of This Week’s Jobs Report
In A Nutshell: Rates drifted higher last week following Fed Chair Warsh’s press conference and could remain volatile as oil prices drop on hopes of Iran peace talks and markets absorb the latest jobs market data. Upcoming Attractions The first week of the month always brings a slew of labor market d
Congress finally acted on housing. Now the real work begins.
For years, housing affordability was a problem hiding in plain sight. Rents were climbing faster than wages. First-time buyers locked out of markets their parents once could afford. Families doubling up, moving away or simply giving up on the idea of owning a home. The numbers were damning. The caus
