Pro Builder

JANUARY 19, 2023

ldeakins Thu, 01/19/2023 - 10:48 Saving up for a down payment to buy a home depends, in large part, on household income. Here are the metro areas where it's the hardest—and easiest—to save For many prospective homebuyers, the biggest barrier to homeownership isn’t the monthly mortgage payment, but rather the hefty down payment.

Los Angeles 98

Los Angeles San Francisco Long Beach Metro 98

Pro Builder

DECEMBER 30, 2021

High-Income Millennials Aren’t Backing Out of the Rental Market. In some metros, applicants are trying their luck with every single property on the market. Apartment supply is dwindling in many smaller metros across the U.S. Thu, 12/30/2021 - 10:24. without much new development and a surge in rental demand.

Income 52

Income San Diego Metro Denver 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

APRIL 13, 2022

Metro Denver Drops to the 5th Least Affordable U.S. Home prices are outpacing household incomes across metro Denver, leaving buyers with few options for affordable housing. Colorado’s affordability crisis is driven by a low supply of homes for sale as well as a wide price to income ratio in the state’s major metros.

Denver 52

Denver Metro El Paso Income 52

Pro Builder

MARCH 30, 2023

Those earning less than the median national household income of $70,784 would fare the best in Eastern and Midwestern markets such as Wausau, Wis., Midwestern metros fared well, helped by lower prices and protection from coastal climate hazards. Lafayette, Ind., and Columbia, Mo., Wausau, Wis.,

Income 52

Income North Dakota Metro Missouri 52

Pro Builder

NOVEMBER 15, 2022

Homebuyers Are Spending More of Their Incomes on Home Purchases Than They Did a Year Ago. Buying a home requires substantially more money than it did just a year ago, especially in metros like North Port, FL, where the income necessary to afford a home purchase has increased 73.9% Tue, 11/15/2022 - 10:15. year-over-year.

Income 52

Income Metro Tampa Miami 52

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

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

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

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

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

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

Carol Hagen

AUGUST 14, 2012

If you are in the Phoenix metro area, please get involved and become an exhibitor , sponsor or volunteer at Arizona Construction Career Days.

Arizona 163

Arizona Colorado Construction New Hampshire 163

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

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

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 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

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 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

APRIL 20, 2022

Though home building has been directly impacted by mortgage rate fluctuations, changes in household income, and broad economic challenges over the past several years, the top 100 largest U.S. Horton and Lennar account for the largest share of market growth, and smaller regional builders can follow in their footsteps.

Metro 98

Metro Accounting Income Housing 98

Pro Builder

AUGUST 15, 2022

A Growing Number of Metros Record Double-Digit Home Price Appreciation in Q2 2022. The housing market may be cooling, but single-family home prices are still rising in the majority of metro areas. Mon, 08/15/2022 - 11:02.

Metro 52

Metro Income 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 Housing Florida 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

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

NOVEMBER 21, 2022

Annual Home Price Appreciation Is Decelerating, but Not in These Sunny Metros. Forty-six percent of the 185 metro areas tracked by the National Association of Realtors (NAR) posted double-digit annual price appreciation in the third quarter, down from 80% in the previous quarter, NAR reports. Mon, 11/21/2022 - 10:25.

Metro 52

Metro San Francisco Oakland CA 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

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

MARCH 11, 2022

homes were valued at $1 million or more in February, and some metros are reporting a majority of total housing stock in the million dollar range, Forbes reports. Incomes have increased, but not as fast as home prices, which means many people are stuck renting or have to move somewhere more affordable if they want to buy a home.”.

San Jose 105

San Jose San Francisco Inventory Metro 105

Business Facilities

JULY 29, 2019

Atlanta , San Antonio and Phoenix are the top-ranked large metros for Economic Growth Potential in Business Facilities’ 15th Annual Rankings Report. “It It all seems to be coming together for Metro Atlanta,” said BF Editor in Chief Jack Rogers. Metro Atlanta is home to 16 Fortune 500 companies.

San Antonio 63

San Antonio Atlanta Phoenix Metro 63

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

DECEMBER 29, 2022

homebuyers were looking to move to a different metro area, up from 18% in 2019, Forbes reports. Las Vegas is another hotspot for out-of-state buyers, and Florida’s relatively inexpensive real estate makes it a desirable location for incoming house hunters as well. During the three months ending in November, 24.1%

Las Vegas 92

Las Vegas Sacramento Tampa Miami 92

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

AUGUST 18, 2022

Pittsburgh, Memphis and dozens of other metros across the U.S. Here’s how the program works: The New Markets Tax Credits program is designed to attract investors to distressed areas by offering them a 39 percent income-tax break over seven years. The corporations use that investment in several ways to subsidize the cost of housing.

St. Louis 98

St. Louis Modeling Memphis Charlotte 98

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

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

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