The financial gap between owing and renting has grown significantly, making the dream of homeownership more distant, according to report released by Redfin Thursday. Source:…
Posts published in “income”
The annual paycheck for a first-time homebuyer is roughly $64,500 to afford the typical U.S. “starter” home in 2023 — up 13 percent from a…
Buyers need to earn at least $107,281 to afford the $2,682 monthly mortgage payment on the typical American home, according to a new report. Source:…
The second quarter of 2022 saw the affordability of the typical home purchase erode at the fastest pace in at least two decades. Source: Inman…
For months, the rise in home prices was in line with underlying indicators. Now, it may have gone too far, a Dallas Fed report suggests. …
Despite record-high prices, homes remain much more affordable for buyers than they were in 2006. However, buying power has taken a big hit lately. Source:…
Homebuyers used to be able to count on falling mortgage rates and rising wages to offset red-hot home prices. That’s no longer the case. Source:…
White Realtors’ median gross personal income last year was $49,400 while the median for Black Realtors was $16,700. Source: Inman News
As we begin a new year, Inman wants to know how you’re feeling about your career, your compensation and your life. Source: Inman News