Elijah de la Campa, Author at Redfin Real Estate News
Elijah de la Campa

Elijah de la Campa

Elijah de la Campa is a senior economist at Redfin, where he researches all facets of the housing market. Prior to Redfin, Elijah studied barriers to homeownership among historically underserved populations as an economist at Freddie Mac. After receiving his PhD in Public Policy from Harvard University, he studied the impact of COVID-19 on rental markets and small landlords’ rental businesses as a Senior Research Associate of the Bloomberg Harvard City Leadership Initiative and Research Affiliate of the Harvard Joint Center for Housing Studies. Elijah’s research has been covered by outlets such as the New York Times, CBS Evening News, and AP News.

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The Typical Household Earns Roughly $30,000 Less Than Needed to Afford the Median-Priced Home—But That’s an Improvement From Last Year

Buyers need to earn $114,000 to afford the typical U.S. home—35% more than the typical household makes. But that’s an improvement from October, when buyers needed to earn a record $121,000—51% more than the median household income. Mortgage rates have come down from their recent peak, giving buyers a bit more purchasing power, but affordability

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