New: The Redfin Data Center is here!

Access comprehensive market data, trends, and insights in one place

Housing Market

Affordability

Wages Are Growing Faster Than Rents and Mortgage Payments

Wages are up 4.1% year over year, while asking rents are up 2.6% and mortgage-payment growth has slowed to roughly 0% amid declining mortgage rates and a slowdown in home prices. Wages are up 4.1% year over year, outpacing gains in asking rents and mortgage payments, which are up a respective 2.6% and 0.2%. That’s […]
Scroll to Top