Data: Redfin; Note: Assumes 5% down and mortgage payments of 30% of income; Chart: Sara Wise/Axios
Homebuyers in Tampa need to earn 48% more now than they did a year ago in order to afford the median-priced home, according to a Redfin analysis released Wednesday morning.
Why it matters: This is an obvious hit to affordability for buyers. While wages are up in the U.S. since last year — around 6% higher — they're certainly not rising this fast.
