Biden Has a Housing Problem Which Hurts His 2024 Re-Election Bid

National property broker Redfin says there are new signs pointing to a shift toward a buyer's market in 2024, as pandemic-driven inflation takes its last gasps, mortgage rates come down and more people list their homes for sale.

Driven by High Rates, U.S. Buyers Must Earn $115,000 to Buy a Typical Home in 2023

According to Redfin, a homebuyer must earn $114,627 to afford the median-priced U.S. home, up 15% ($15,285) from a year ago and up more than 50% since the start of the pandemic. That's the highest annual income necessary to afford a home on record.

Hurricane Idalia Threatens 800,000 Homes Along Florida's Gulf Coast

Based on new data from CoreLogic, there are 808,321 single-family and multifamily homes along the Florida Gulf Coast with a reconstruction cost value (RCV) of approximately $238.4 billion are at potential risk of storm surge damage from Hurricane Idalia.

Southwest Florida Housing Markets Hit by Hurricane Ian Bouncing Back

According to national property broker Redfin, listings of homes for sale in the several Southwest Florida cities like the Cape Coral-Fort Myers metropolitan area have recovered after plunging in the wake of Hurricane Ian last fall, and sales have begun to bounce back.

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