United States

Buyers need 40 percent more income to purchase homes in top metro areas, report finds

PROMO Miscellaneous - House Home Key Real Estate - iStock - BrianAJackson

Demand for homes in certain areas of the country has caused supply to dwindle, prices to skyrocket and buyers needing nearly 50 percent more income than they would have last year to even enter top markets, according to a report by the real estate brokerage firm, Redfin.


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