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Cities Where Buyers Can Afford the Most and Least

Pro Builder

Housing affordability continues to be an issue for many Americans. Nearly 67% of Americans are bunkered down by at least one non-mortgage debt. Data compared included median household income in each city, average non-mortgage debt, and median home values. Some big-city dwellers with debt may struggle to afford a home.

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Salary Needed to Afford a Home in the Top 15 Metros

Pro Builder

Housing costs are the biggest expense Americans have, with about one-third of the average American salary going toward these. SmartAsset identified the salaries needed in the 15 largest metros to afford an average home payment and not exceed the recommended 36% debt-to-income ratio. Salary Needed to Afford a Home in the Top 15 Metros.

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Election Night good for U.S. infrastructure needs

PSMJ Resources

In Los Angeles County, voters approved $7 billion of debt for repairs to its largest public school system and $3.5 House Speaker Nancy Pelosi, D-Calif., That was higher than the $218 billion for the previous highway bill, but was less than the $375 billion House leaders wanted to spend on the measure.

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U.S. CRE Turning Around In 2014, According To New PwC/ULI Report

Buisness Facilities Contributed Content

As a result, the report anticipates that 2014 may be the year that many investors who have traditionally focused mainly on large established markets such as Boston, Chicago, Los Angeles, New York City, San Francisco and Washington, will be expanding their focus to other cities in order to protect capital.

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Housing Survived the Pandemic—Could There be Another Looming Crisis?

Pro Builder

Housing Survived the Pandemic—Could There be Another Looming Crisis? When a crisis appeared on the horizon, housing continually bounced back, but there’s another problem getting closer: a lack of affordable housing. On one end, buyers are rushing to purchase while the other half struggles with debt and may lose their homes.

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Feature Story: 2016 Economic Development Awards

Buisness Facilities Contributed Content

headquarters in Los Angeles, aims to link solar arrays and storage devices into a “virtual grid” that allows members to trade electricity among themselves and sell excess power into the wholesale market, circumventing the local utility. Once-abandoned buildings now house co-working spaces and incubators.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. The program ends December 2016. This tax credit is applied to a tax payer’s state tax liability.

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