article thumbnail

How Much Does It Cost to Buy a Home in the Largest U.S. Cities?

Pro Builder

Qualifying for a mortgage in today's high-cost housing market requires more income than in years past, but some U.S. On the other hand, prospective buyers in cities like San Jose, Calif., 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.

article thumbnail

Salary Needed to Afford a Home in the Top 15 Metros

Pro Builder

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 site compared median home values, property tax rates, down payment, homeowners insurance, and other debt payments to calculate these results. and Philadelphia. Key Findings.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 25 Finalists for Ivory Innovations' Housing Affordability Prize

Pro Builder

Timber HP | Madison, Maine TimberHP manufactures loose fill, batt, and continuous board insulation from waste wood chips leftover from the production of lumber, boards, and sheathing; they also use woody debris removed from forests to improve tree growth and can even use wood scraps that pile up on construction sites.

article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

Income 75
article thumbnail

COVER STORY: 2012 Economic Development Deal of the Year Awards

Buisness Facilities Contributed Content

Our judging panel, including leading site selection consultants, evaluates the overall impact of the project and assesses the effectiveness and innovation of the location’s approach to landing the deal. Baxter announced its decision in April and by August 1 ground was already broken on a 1-million- plus-square-foot facility,” he said.

Deals 85