Housing affordability has improved, but not by much

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home buyers
US homebuyers need to make $114,000 a year to afford a median-priced home, Redfin says.

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The US housing market added $2 trillion in value last year, boosted by a nationwide shortage of homes for sale

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A house with a for sale sign in the front.
The typical US homebuyer’s monthly mortgage payment soared to a record high in April, according to Redfin.

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The winner of the $2 billion Powerball jackpot in February has spent the last few months buying up California real estate

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Properties in Bel Air, Los Angeles, left, and a stock image of a Powerball ticket, right, in a composite image.
Properties in Bel Air, Los Angeles, left, and a stock image of a Powerball ticket, right, in a composite image.

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