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Sun Belt Buyers Need 40% More Income to Afford a Home

Pro Builder

Sun Belt Buyers Need 40% More Income to Afford a Home. Homebuyers migrating to Sun Belt markets are nearly doubling their budgets to afford new home payments. . from 2021, while homebuyers in Phoenix must earn $87,026 to afford the area’s typical monthly mortgage payment of $2,176, a 45.7% Wed, 04/27/2022 - 10:40.

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Inflation Is Rising the Fastest in Sun Belt Cities—Here’s Why

Pro Builder

Inflation is chipping away at homeowners’ disposable incomes all across the country, but those living in Sun Belt cities are seeing prices rise at a much faster pace than homeowners in more affordable regions elsewhere. percent in July, The New York Times reports. .

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Return to Work Begins to Impact Housing Demand

Pro Builder

You definitely need to double income, triple income in order to qualify for the mortgage,” Zakinova said. Just a rule of thumb that a lot of people told me for, a budget is just that you want to spend max like 30% of your annual salary on housing,” Penning said, “So I’ve taken that into consideration when setting my max budget.”.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan. The rates range from $.25

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