Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Data shows how much you must earn to buy a home in 27 metro areas

Tim Manni, HSH.com, Aug 22, 2016: “See [this data to know] exactly how much salary you would need to earn in order to afford the principal, interest, taxes and insurance payments on a median-priced home in 27 metro areas. Key takeaways:

  • Only three metro areas were more affordable during the second quarter: Tampa, Orlando and Miami.
  • Mortgage rates fell in every metro on our list.
  • Several metros saw substantial price gains during the second quarter when compared with the first quarter. Notable increases include: Cleveland at 24 percent, Chicago at 18 percent, Pittsburgh and Cincinnati at 17 percent.
  • After a 15 percent increase in the second quarter, the median price of a single-family home in the San Francisco metro is $885,600….”

Sorry, comments are closed for this post.