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First-time buyers need this much to afford a starter home

First-time buyers need to earn nearly $6K more to buy a home than they did a year ago.

United statesBeverly hillsPm los angelesLos angelesElijah de la campa

Typical household earns just under $30K less than it needs to buy a home

Typical household earns just under $30K less than it needs to buy a home
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United statesSan franciscoSan diegoArnie aurellanoLos angelesScotsman guide incElijah de la campaSan joseKansas cityScotsman guide

Buyers need to make $30,000 more than they do to buy a home

But that’s an improvement from last year when they needed to close a more than $40,000 shortfall, according to Redfin.

United statesSan antonioLos angelesFederal reserveElijah de la campa

Lack of affordable homes for sale hits minorities hardest, analysis shows

The average Black household could afford just 7% of listings for sale last year. The figure was 10% for Latinos.

United statesUs census bureauElijah de la campaHomes for saleEdian household incomeMortgage ratesMedian incomeAffordable housingMortgage paymentsMortgage rateDaryl fairweatherMortgage payment

Lack of affordable homes for sale hits minorities hardest, analysis shows

The average Black household could afford just 7% of listings for sale last year. The figure was 10% for Latinos.

United statesUs census bureauElijah de la campa

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