WATCH: What does a person have to make to afford the average price of a home?
Summary
A recent poll shows that only 25% of people who do not own homes believe they will be able to buy one in the next five years. Chen Zhao, an economic researcher at Redfin, talks about what income is needed to afford the average home price.Key Facts
- Only one in four non-homeowners feel confident they can buy a house within five years.
- The article focuses on the income required to afford an average-priced home.
- Chen Zhao is the head of economic research at Redfin.
- Redfin is a real estate company that studies housing market trends.
- The discussion is based on recent polling data.
- The housing market affordability is a concern for many people.
- The article was shared along with various other news stories on April 30, 2026.
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