The salary Americans need to buy a starter home has nearly doubled since the pandemic
You need to make almost $76,000 a year to buy a starter home, according to Redfin. The median household income is $74,580, per the Census Bureau, or $84,072, by Redfin’s estimate. Either way, something is wrong. It all goes back to the pandemic, when the remote-work revolution collided with historically low mortgage rates—it fueled a housing boom, and home prices...