Pro Builder

MAY 20, 2021

10 of the Hardest Metros to Snag a Home. market while housing inventory is down, resulting in a competitive market, but these metros are the most competitive. The site reviewed the payment-to-income ratios, number of homes on the market compared to households, and the average price cut for homes sold recently. cbroderick.

Metro 52

Metro San Diego Los Angeles Long Beach 52

Pro Builder

AUGUST 11, 2022

Out-of-Towners Pushed the Average Boise Buyer Income 24% Higher During the Pandemic. The typical income of a Boise homebuyer rose 24% throughout the pandemic as locals went toe-to-toe with wealthy out-of-state newcomers for available listings. Thu, 08/11/2022 - 09:15. The typical Boise homebuyer earned $98,000 in 2021, up 24.1%

Income 52

Income San Francisco Idaho Miami 52

Pro Builder

FEBRUARY 17, 2021

No Metro Immune From Single-Family Price Gains, Says NAR. And as home prices continue to increase, so do mortgage payments and qualifying incomes. And as home prices continue to increase, so do mortgage payments and qualifying incomes. cbroderick. Wed, 02/17/2021 - 08:44. The national median home price advanced 14.9%

Metro 52

Metro Income US Housing 52

Pro Builder

DECEMBER 8, 2022

10 Most Affordable Metros for First-Time Buyers in 2023. With rising shares of home price reductions, high relative housing supply, and mortgage and rent affordability, these metros offer a starting point for budget-conscious first-time homebuyers. Thu, 12/08/2022 - 10:18.

Metro 52

Metro Wichita Inventory Bargains 52

Pro Builder

JANUARY 14, 2022

Smaller Metros Take Over the Top 10 Cities for Young Professionals. Move aside NYC—these downsized metros are attracting larger crowds of young professionals. Though some major cities like Boston and San Francisco have always attracted a younger crowd, smaller metros like Madison, Wisconsin, are also growing in popularity.

Metro 52

Metro San Francisco Income Wisconsin 52

Pro Builder

MARCH 26, 2021

Income Needed to Afford a Home in Every U.S. metros and the minimum income needed to afford a home. But some less dense cities, such as Toledo, Ohio, only require a minimum income of $17,700 to afford a home. cbroderick. Fri, 03/26/2021 - 09:45. Zippia.com rounded up median home prices for 175 U.S. Read More. .

Income 52

Income Los Angeles San Francisco New York City 52

Pro Builder

MAY 6, 2022

Housing Prices Outpace Wages in Smaller Metros. Migrating buyers are sending housing prices to record highs in small metros, but wage growth can’t keep up. Fri, 05/06/2022 - 10:34. Americans are less likely to want to live in a city now than before the pandemic, according to a December 2021 report by the Pew Research Center.

Metro 52

Metro Housing Los Angeles San Francisco 52

Pro Builder

APRIL 19, 2023

Middle-income homeowners have seen their properties appreciate by 68% since 2012, amounting to $122,100 in equity wealth, according to the National Association of Realtors. Similarly, low-income homeowners reported $98,900 in equity gains, and upper-income households accrued $150,800 in equity.

San Jose 94

San Jose Equity Income Metro 94

Pro Builder

APRIL 29, 2022

Small Metros Top the List of the Most Livable Cities in America. With strong local economies, favorable community amenities, and relative housing affordability, midwestern metros are attracting the largest share of migrating buyers. Fri, 04/29/2022 - 10:34.

Metro 52

Metro America Income Miami 52

Pro Builder

DECEMBER 15, 2022

The Top 10 Most Affordable Metros for First-Time Buyers in 2023. With comparatively high inventory and affordable home prices, these metros are prime homebuying locations for first-time house hunters in 2023. Thu, 12/15/2022 - 10:15. savings rate), the lowest on Zillow’s winter/spring 2023 list.

Metro 52

Metro Wichita Inventory Bargains 52

Pro Builder

FEBRUARY 2, 2023

Could These Midwestern Metros Be the Next Top Real Estate Markets? are home to robust economies, strong regional housing demand, well-paying jobs, and desirable amenities for incoming buyers. And homes are spending 20 days longer on the market in the metro. and Topeka, Kan., and Topeka, Kan., Markets such as Lafayette, Ind.,

Metro 52

Metro New York City Indianapolis New York 52

Pro Builder

DECEMBER 6, 2021

Third Quarter Metro Affordability Report Reveals a Tight Market for First-Time Buyers. times the median first-time home buyer income, and many inaugural buyers were also priced out of the housing market by older competitors backed by existing equity. . Mon, 12/06/2021 - 16:25. Average quarterly home prices were listed at 5.3

Metro 52

Metro Inventory Income Equity 52

Pro Builder

AUGUST 12, 2020

How Much Income Is Needed to Live In the Largest U.S. This 3% drop from this time last year pushed SmartAsset to analyze the average cost for a two-bedroom apartment in the top 25 metros. This 3% drop from this time last year pushed SmartAsset to analyze the average cost for a two-bedroom apartment in the top 25 metros.

Income 52

Income San Francisco Metro Housing 52

Pro Builder

APRIL 26, 2022

Small Metros Top the List of Up-And-Coming Spring Markets. unemployment rate, a booming job market, and no state income tax. Tue, 04/26/2022 - 10:34. Cities with small populations and booming economies are attracting the most buyers during the spring season. Topping the list of the emerging U.S.

Metro 52

Metro South Dakota Florida Housing 52

Pro Builder

OCTOBER 24, 2022

Americans Can Still Find Affordable Starter Homes in These Four Metros. Despite a chronic housing shortage and fast-rising home prices, starter homes are still relatively affordable for those earning the median household income in Detroit, Tulsa, OK, Memphis, TN, and Oklahoma City, CNBC reports. Mon, 10/24/2022 - 10:05. Affordability.

Metro 40

Metro Oklahoma City Oklahoma Tulsa 40

Pro Builder

JANUARY 3, 2023

Metros Where Home Prices Rose—and Fell—the Fastest in 2022 ldeakins Tue, 01/03/2023 - 10:33 A 2022 housing correction didn't impact all regional markets equally. Omaha, NE saw the biggest year-over-year price gain of any metro area tracked by Realtor.com in 2022 with a 21.6% Here Are the U.S. 2022 median listing price to $342,500.

Metro 52

Metro Omaha Income Housing 52

Pro Builder

FEBRUARY 5, 2021

Salary Needed to Afford a Home in the Top 15 Metros. 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. The metro where residents need to make the most and least are San Jose, Calif. cbroderick. and Philadelphia.

San Jose 52

San Jose Metro San Antonio Los Angeles 52

Pro Builder

JANUARY 14, 2021

Top Metros With the Best Work-Life Balance. Knowing a metro topped the list for best work-life balance can be a selling point for buyers. Columbus finishes a bit lower (20th) in that metric, but it does particularly well in terms of low housing costs as a percentage of income, ranking sixth. cbroderick. Thu, 01/14/2021 - 10:36.

Metro 52

Metro Columbus Omaha San Francisco 52

Pro Builder

DECEMBER 28, 2021

These small metros are attracting droves of new arrivals, and it’s not difficult to understand why. The rankings compared population growth and household income to the region’s total number of businesses and housing units over a five year period. . Another was its median household income, which grew by 38 percent over five years.

Idaho 97

Idaho Income Metro Nashville 97

Pro Builder

JUNE 8, 2022

Market hurdles like historically low housing supply, surging mortgage rates, and stagnant income growth are keeping first-time buyers sidelined at the start of 2022. A lack of market affordability is especially detrimental for first-time buyers unable to afford the average list price in the nation’s most popular metro areas.

San Jose 52

San Jose Los Angeles San Diego Metro 52

Pro Builder

JUNE 12, 2023

Additionally, existing rent regulations in costly metros like New York City often don’t include income tests, meaning that those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent stabilized units.

New York City 98

New York City Regulation Income New York 98

Pro Builder

JUNE 12, 2023

Additionally, existing rent regulations in costly metros such as New York City often don’t include income tests, so those who actually need rent protection are frequently left without that support, while those who can afford hefty rent hikes are able to easily secure rent-stabilized units.

New York City 98

New York City Regulation Income New York 98

Pro Builder

DECEMBER 22, 2022

Qualifying for a mortgage in today's high-cost housing market requires more income than in years past, but some U.S. metros are more affordable than others. need to have a qualifying annual income of $359,127 to afford monthly payments of $8,380 for a median home price of $1,688,000. Housing Markets.

San Jose 52

San Jose Income Oklahoma City Cleveland 52

Pro Builder

DECEMBER 16, 2022

metros are home to skyrocketing prices and waning housing inventory, while others offer first-time buyers an affordable entrance into the for-sale market. Luckily, a few affordable metros are still offering budget conscious buyers and first-time house hunters a viable starting point in the race to homeownership. Some major U.S.

Housing 52

Housing Los Angeles Wichita Income 52

Pro Builder

JULY 7, 2022

Since the start of the pandemic, an estimated 5 million Americans have relocated thanks to the flexibility of remote work, but rather than flocking to major cities, many have settled in mid-sized metros offering affordability and greater livability. Cary, North Carolina is the only southern metro on the top 10 list with a low crime rate, a 4.7%

North Carolina 52

North Carolina Income Metro Minnesota 52

Pro Builder

JUNE 22, 2022

metros following the Fed’s most recent rate hike last week, causing a steep drop in buyer demand across the country, Zillow reports. home, a 51% year-over-year gain significantly outpacing income growth nationwide. . In May 2019, rent was more expensive in 28 of those metros. . Affordability. Market Data + Trends.

Housing 52

Housing Income Metro Atlanta 52

Pro Builder

JULY 29, 2022

Locals can no longer afford inflated housing costs in markets like Glendale, California, but some smaller metros could still offer relief for buyers priced out elsewhere. Glendale, California ranked as the most cost-burdened metro in the U.S. with 31.08% of households spending 50% or more of their incomes to afford housing costs.

Housing 52

Housing Income Kansas Metro 52

Pro Builder

AUGUST 24, 2021

Increasing Home Prices Threaten Residents of These 10 Metros Most. This has helped pushed home prices up far faster than the growth of local incomes.”. cbroderick. Tue, 08/24/2021 - 09:50. As home prices continue increasing, wage growth has not. Median home prices jumped 7.2%

Metro 52

Metro Mississippi Equity Income 52

Pro Builder

DECEMBER 1, 2022

A market correction is leading to significant price drops in overheated metros across the U.S., After posting consistent growth from 2016 to 2021, Nampa and Meridian, two Idaho metros, are the fastest growing cities in 2022, according to SmartAsset. but even in a housing slowdown, some markets are still seeing substantial growth.

Metro 52

Metro Income Idaho Tennessee 52

Pro Builder

MARCH 9, 2022

Listings fell 14% in the fourth quarter, and homes in the nation’s 50 largest metros were listed at 5.5 times median first-time home buyer income and 5.3 The most affordable metros for first-time buyers remained in the Rust Belt and Midwest. times median first-time buyer income, Cleveland (3.1), St. last quarter.

St. Louis 52

St. Louis San Jose Los Angeles San Diego 52

Pro Builder

FEBRUARY 28, 2022

While some metros are feeling the sting of rising energy costs as a result of climate change and backed up supply chains, others are seeing their progressive climate initiatives paying off. Low-income households and older adults have the highest median energy burdens in New York City, according to ACEEE. Mon, 02/28/2022 - 10:42.

New York City 52

New York City San Francisco Income New York 52

Pro Builder

FEBRUARY 15, 2022

Relocating Americans are going toe-to-toe with local buyers in popular metros like Nashville and Philadelphia, and with inflated budgets, newcomers are sweeping the competition and laying down their roots for good. gap between local and migrational budgets, followed by New York City, where incoming buyers had 26.5%

Budgeting 105

Budgeting Budget Nashville Los Angeles 105

Pro Builder

AUGUST 4, 2021

NerdWallet analyzed home affordability for first-time buyers in the country’s largest metros, finding a notable loss of affordability for these usually younger buyers with less robust credit histories and tighter budgets. Across the 50 most populous metros, homes were 5.5 and Sacramento (7.5).

Los Angeles 52

Los Angeles Metro San Jose San Diego 52

Pro Builder

JULY 8, 2022

the majority of available homes for sale are affordable only for higher-income buyers. In a widening affordability crisis, lower-income buyers are being left behind. Even though inventory is improving in these areas, middle- and lower-income buyers can afford to buy fewer homes. Even as inventory levels rise across the U.S.,

Income 52

Income Inventory Portland Metro 52

Pro Builder

OCTOBER 12, 2021

Black and Latinx renters spent 34% and 32.1%, respectively, of their monthly income on rent. Zillow research found that white and Asian households nationwide typically spent less than 30% of their monthly income on rent in August, but Black and Latinx renters spent 34% and 32.1%, respectively. But while white households in St.

St. Louis 52

St. Louis Income Metro Oklahoma City 52

Pro Builder

APRIL 27, 2023

Across the 50 largest metro areas in the U.S., the average renter pays about 40% less per month than a first-time homeowner, and in December 2022, it was cheaper to rent than buy in 45 of those metros, CNBC reports. For some, however, buying a home reaps the most benefits, even as home prices and borrowing costs continue to rise. “You

Housing 52

Housing Equity Metro Income 52

Pro Builder

SEPTEMBER 3, 2020

metros, Zillow discovered that nearly 2 million renters could become homeowners if given the option to work from home. The company evaluated renter households which cannot afford starter homes in their metro areas, then created a probability of those renters to telecommute based on income, industry, and occupation.

San Francisco 104

San Francisco San Jose Los Angeles San Diego 104