You need $109,796 to afford the typical U.S. home, Redfin finds
Redfin data shows housing costs are outpacing incomes: only 34% of homes for sale are affordable to the typical American.
The cost of housing continues to far outpace the earnings of average Americans according to data released Wednesday by national real estate firm Redfin. The study found that Americans need to earn $109,796 in order to afford a typical home for sale in the U.S.