In 22 states, homebuyers need 6-figure salaries to afford a home In 22 states, homebuyers need 6-figure salaries to afford a home 01:06 Well-heeled <a href=https://www.stanley-cups.us>stanley cup</a> home shoppers are increasingly paying cash, helping turbocharge price gains for the most expensive <a href=https://www.stanley-cups.com.de>stanley cups</a> U.S. homes.The median sale price of luxury homes mdash; valued in the top 5% of the market nationally mdash; hit an all-time high $1.23 million in the first quarter, an increase of 8.7% from the same period last year, according to an analysis by Redfin. That s almost twice the increase seen in non-luxury homes.For homes valued in the middle-third of the market, the median sale price rose 4.6% from a year ago to $345,000, according to the report. Redfin didn t factor in price trends for homes with an estimated value in the bottom third of the market. One reason for the diverging sales data is that wealthy home shoppers are more likely to have the financia <a href=https://www.stanley-cups.uk>stanley cup</a> l flexibility to bypass financing hurdles by paying in cash. The trend is helping accelerate the growth in home sale prices among the most high-end homes at a faster clip than less expensive properties.Consider, some 46.8% of luxury homes were bought entirely with cash in the three months ended February 29, according to Redfin. That s the highe Mmnn FAA clears the way for maiden flight of SpaceX Starship rocket
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