A Floridian home for sale.
Homes are getting less affordable for first-time buyers, Redfin said.
  • Buying your first home has become even less affordable, Redfin said. 
  • Buyers now need to make at least $64,500 a year to afford a starter home, up 13% in 12 months. 
  • Many on lower budgets can no longer stretch to even the most affordable homes, per Redfin. 

First-time buyers are finding homes even less affordable, according to Redfin

The real estate brokerage revealed first-time buyers must make about $64,500 a year to afford a starter home – 13% more than a year ago.