Americans Now Need $110,000 to Afford the Median U.S. Home. The Typical Household Falls $22,200 Short

A new report from Redfin says buyers need about $110,000 to afford the average U.S. home, leaving many households short—even as the market tilts toward buyers.

BY MOSES JEANFRANCOIS, NEWS WRITER @MOSESJEANS

As home prices continue to climb across the country, a new report is redefining what makes a property affordable.

According to Redfin, Americans now need roughly $110,000 a year to afford the median-priced U.S. home. The number is relatively similar to the year prior. However, it........

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