Homebuyers need to earn 87% more than in pre-COVID years to afford a starter home, Redfin says

Homebuyers need to earn 87% more than in pre-COVID years to afford a starter home, Redfin says

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US starter homes are now roughly half as affordable as in 2020, as buyers must now earn nearly twice as much to purchase the typical first-time property, Redfin reported.

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