Think you can afford a home? Here’s the salary experts say you now need

There’s good news and not-so-good news for prospective homebuyers: The amount of income needed to afford a typical American home is down slightly from last year—but it’s still well above what many households earn. To purchase the median-priced U.S. home on the market in June, Americans would need an annual income of $109,796, down slightly from last year’s record high of $110,382, according to a new report from Redfin. The Seattle-based real estate site deems a home affordable if a buyer taki...