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Record Appreciation Is Sending Homeowner Wealth Soaring

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As a result, more households were able to pay off their debts or refinance their mortgages, leaving homeowners with a net worth roughly 40 times higher than that of a renter. For example, in the San Jose metro area, low-income earners have accumulated nearly $630,000 over the last 10 years while middle-income earners gained $643,000.

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Salary Needed to Afford a Home in the Top 15 Metros

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

Buisness Facilities Contributed Content

The movement into secondary markets is underpinned by the anticipated increase in both debt and equity capital during 2014. Housing, non-residential construction, and a revival in exploration industries could be the key economic drivers. real estate advisory practice leader, PwC.

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STATE INCENTIVES GUIDE

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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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