Redfin Reports The Typical Household Earns Roughly $30,000 Less Than Needed to Afford the Median-Priced Home
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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investors.redfin.com/investor-relations
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Source: Business Wire
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. SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical U.S. household earns $29,448 less than it needs to afford the median-priced home, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.While that’s a sign of a major housing affordability crisis, it marks an improvement from October, when the typical household earned a record $40,810 less than it needed as mortgage rates hit the highest level in 23 years.That’s based on a Redfin analysis of the estimated median U.S. household income and median monthly housing payments as of February 2024.Buyers needed to earn an annual income of $113,520 to afford the median-priced U.S. home in February ($412,778). That’s 35% more than the $84,072 median household income.In
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News
- 15 Best Places to Retire in Oregon [Yahoo! Finance]Yahoo! Finance
- Redfin Reports Home Prices Stagnate in Florida and Texas as Supply SoarsBusiness Wire
- Redfin Reports Buying a Home Costs More Than Ever, With Prices Hitting All-Time High and Mortgage Rates RisingBusiness Wire
- Redfin to Announce First-Quarter 2024 Results on May 7, 2024Business Wire
- Nearly 40% of Homeowners Couldn’t Afford Their Home If They Were to Buy It TodayBusiness Wire
RDFN
Earnings
- 2/27/24 - Beat
RDFN
Sec Filings
- 4/26/24 - Form 3
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- RDFN's page on the SEC website