Nearly 40% of Homeowners Couldn’t Afford Their Home If They Were to Buy It Today

Nearly two of every five (38%) homeowners don’t believe they could afford to buy their own home if they were purchasing it today, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

This is based on a Redfin-commissioned survey of roughly 3,000 U.S. residents conducted by Qualtrics in February 2024. Read more…