Skipping Meals and Working Overtime: The Sacrifices Americans Make to Afford Housing
Half of homeowners and renters struggle to afford their housing payments, a recent Redfin survey found. Roughly 1 in 5 people who struggle to afford
As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.
Half of homeowners and renters struggle to afford their housing payments, a recent Redfin survey found. Roughly 1 in 5 people who struggle to afford
Over one-third of home purchases in February were made in all cash—not far from the record high. The median down payment for U.S. homebuyers was
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
While mortgage rates remain elevated, they’re not as volatile as they were at the height of the pandemic, which has helped stabilize home price growth.
Housing supply is finally rebounding as sellers get used to elevated mortgage rates, but it’s not rebounding enough to curb home price growth. High housing
Rents hit a low point last February—one reason they’re now showing a sizable year-over-year uptick. Another factor driving rents up: the jump in mortgage rates
Half of homeowners and renters struggle to afford their housing payments, a recent Redfin survey found. Roughly 1 in 5 people who struggle to afford
Over one-third of home purchases in February were made in all cash—not far from the record high. The median down payment for U.S. homebuyers was
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
While mortgage rates remain elevated, they’re not as volatile as they were at the height of the pandemic, which has helped stabilize home price growth.
Housing supply is finally rebounding as sellers get used to elevated mortgage rates, but it’s not rebounding enough to curb home price growth. High housing
Rents hit a low point last February—one reason they’re now showing a sizable year-over-year uptick. Another factor driving rents up: the jump in mortgage rates