How tough is it to afford a home in this wild housing market? A lot depends on how much you earn and how many houses are for sale where you live.
are creating an affordability crisis for homebuyers, according to a new report from the National Association of Realtors.
Also hurt are homebuyers earning between $75,000 and $100,000. This group, the report found, can afford a maximum home price of $433,480. Researchers determined these prices by making some assumptions, including that the buyer is not spending more than 30% of their income on housing and that the purchase is financed with a 30-year fixed-rate mortgage.
Des Moines, Iowa, has the most homes for sale for this income bracket with one affordable listing for every 78 households. It is followed by Detroit; Augusta, Georgia; Youngstown, Ohio and Scranton, Pennsylvania. “In general, an increase in salary makes housing more affordable to a buyer,” said Danielle Hale, Realtor.com’s chief economist. “But due to the reductions in inventory over the last few years, today’s buyers in large tech markets can actually afford a smaller number of homes than they could two years ago, despite an uptick in wages.”The report also found that a persistent racial homeownership gap exists in America.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
This long-secret email warned San Jose State president about sex abuse claimsThe four-and-a-half page memo – written in 2016 by San Jose State’s outgoing interim president after a parade of anxious witnesses visited her office in her final week – is a critical missing…
続きを読む »
Neighbors loved, but also worried about man killed in San Jose fireSan Jose neighbors loved the man who was killed by a house fire, but many had also worried that his cluttered property was a hazard.
続きを読む »
2-alarm fire at vacant building near San Jose State UniversityFirefighters on Tuesday responded to a 2-alarm fire in a vacant building near San Jose State University.
続きを読む »
Hundreds of affordable homes eyed near San Jose light rail stationPotentially hundreds of affordable homes might be developed in east San Jose under a plan being propelled by a site proposal and a property purchase of the land needed for the project.
続きを読む »
San Jose: Authorities identify woman killed by garbage truck while taking out the trashA 63-year-old woman was killed in front of her home last week by garbage and recycling truck operator, according to San Jose police.
続きを読む »
4 injured in 3 separate San Francisco shootingsNo arrests have been in three recent San Francisco shootings. The victims' injuries are non-life-threatening.
続きを読む »