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The Average Homebuyer’s Income Has Increased Considerably in “Pandemic Boomtowns”

Pro Builder

The Average Homebuyer’s Income Has Increased Considerably in “Pandemic Boomtowns”. Remote workers moving to Boise, for example, have raised the average annual income of homebuyers by 24%, to $98,000. According to Redfin, Boise has seen the largest increase of homebuyer income among the 100 most populous U.S. Phoenix, Ariz.,

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Home Prices Are Rising Four Times Faster Than Incomes Across the U.S.

Pro Builder

Home Prices Are Rising Four Times Faster Than Incomes Across the U.S. In the past year alone, home prices have risen four times faster than incomes across the U.S., Boise and Phoenix, which were hotspots for expat Californians during the pandemic, are "overvalued" by 72% and 54%, respectively. Tue, 06/21/2022 - 10:40.

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Atlanta, San Antonio, Phoenix Lead In Economic Growth Potential

Business Facilities

Atlanta , San Antonio and Phoenix are the top-ranked large metros for Economic Growth Potential in Business Facilities’ 15th Annual Rankings Report. “It The median income for millennials living in the New Haven-Milford CT metro area in 2017 was $54,800.

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Sun Belt Buyers Need 40% More Income to Afford a Home

Pro Builder

Sun Belt Buyers Need 40% More Income to Afford a Home. from 2021, while homebuyers in Phoenix must earn $87,026 to afford the area’s typical monthly mortgage payment of $2,176, a 45.7% Wed, 04/27/2022 - 10:40. Homebuyers migrating to Sun Belt markets are nearly doubling their budgets to afford new home payments. .

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Arizona Housing Fund Raises $1.3M for New Affordable Housing Development

Pro Builder

The Fund recently awarded $850,000 to four projects that will bring about 200 additional housing units to the state, Axios Phoenix reports. Why it matters: Arizona is short about 270,000 housing units, which has spiked apartment and home prices and pushed out many middle- and low-income earners. Everyone knows we have such a problem.

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Arizona Housing Fund Raises $1.3M for New Affordable Housing Development

Pro Builder

The Fund recently awarded $850,000 to four projects that will bring about 200 additional housing units to the state, Axios Phoenix reports. Why it matters: Arizona is short about 270,000 housing units, which has spiked apartment and home prices and pushed out many middle- and low-income earners. Everyone knows we have such a problem.

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Home Value Appreciation Outpaced Median Salaries Across 25 Metros in 2021

Pro Builder

Home prices rose faster than median incomes in the majority of metro areas tracked by Zillow in 2021. metros tracked by Zillow in 2021, compared to just five metro areas where home value appreciation outpaced median income in 2020, CNBC reports. Louis were among the cities with the lowest home value growth to income ratio.

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