SEATTLE--(BUSINESS WIRE)-- #housingmarket--Homebuyers need to earn $112,131 per year to afford the $447,035 median priced U.S. home, little changed (+0.5%) from a year ago. But in 11 of the 50 most populous U.S. metropolitan areas, the income needed to afford a home has declined. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket. U.S. Metro Income need to afford median-priced home YoY change in income required to afford median-priced home Oakland, CA $244,073 -4.6% West P
Related Questions
How will the improved affordability in these metros affect Redfin's transaction volume and revenue?
Will the decline in required income in the 11 metros lead to higher buyer activity and increased listings for Redfin?
How does Redfin's affordability trend compare to competitors like Zillow, Realtor.com, and other brokerage firms?
Is Redfin positioned to capture market share in the metros where affordability is improving?
What is the expected impact of this data on Redfin's stock price and valuation multiples?
Could the modest national affordability change influence broader housing market sentiment and macro‑economic outlook?
What risks does Redfin face if the affordability trend reverses or stalls in upcoming quarters?
How might this report affect Redfin's guidance for future sales, earnings, and capital allocation?