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Migrating Buyers Are Taking Over Regional Markets With Big Budgets

Pro Builder

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. The average out-of-town budget for Nashville home buyers in 2021 was $736,900, 28.5% more to spend on a home.

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As Rental Costs Rise and Wage Growth Slows, Housing Affordability Worsens

Pro Builder

have been squeezed by fast-rising rental costs paired with near-stagnant income growth, and as a result, two full-time workers earning minimum wage can comfortably afford a typical two-bedroom rental in just 10 of the 50 largest U.S. In San Francisco, home to the highest one-bedroom rents in the country, an hourly income of $49.01

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America’s Up-And-Coming Boom Towns

Pro Builder

Of SmartAsset’s 50 fastest growing metropolises in the nation, six Northwestern cities finished in the top 10, according to The New York Times , though Murfreesboro, Tennessee came out on top thanks to its minuscule unemployment rate and fast-growing median household income. But the city that came out on top was Murfreesboro, Tenn.,

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Does Your Market Make the List of Best Cities for First-Time Buyers?

Pro Builder

Tennessee and Nevada both have two cities in the top 10 alone: Nashville, Murfreesboro, Tenn., Nashville, TN. Nashville, Tennessee ranks in the top 10% of cities for three of the four categories that we considered: home market favorability, affordability and employment. By comparing 163 of the country’s largest U.S.

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Is the American Dream Becoming Less Achievable?

Pro Builder

If the median household income was at $63,179 in 2018 and the median home price was $298,670 the same year, (nearly five times more than median income) it may appear as though homeownership is not for the average American. The median household income was just $63,179 in 2018, according to the latest U.S. Census data.

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Proposed Amendment Requires Hiring of Local Workers

Construction Equipment

A proposed amendment would require construction companies doing busy with the city of Nashville, Tenn., to hire more local workers, reports Nashville NPR. . residents – and 10 percent specifically to low-income residents.

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Is the American Dream of Home Ownership Achievable Anymore?

Pro Builder

If the median household income was at $63,179 in 2018 and the median home price was $298,670 the same year, (nearly five times more than median income) it may appear as though homeownership is not for the average American. The median household income was just $63,179 in 2018, according to the latest U.S. Census data.

Income 52