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. Affordability.
Pro Builder
APRIL 27, 2022
Sun Belt Buyers Need 40% More Income to Afford a Home. Monthly mortgage payments in Tampa, Florida are up 47.8% Wed, 04/27/2022 - 10:40. Homebuyers migrating to Sun Belt markets are nearly doubling their budgets to afford new home payments. . gain from a year earlier, Redfin reports.
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Pro Builder
DECEMBER 29, 2022
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. Miami came in number 3 on the Redfin list, followed by Tampa (number 4), Cape Coral (number 7), North Port-Sarasota (number 9) and Orlando (number 10).
Pro Builder
AUGUST 18, 2022
Inflation is chipping away at homeowners’ disposable incomes all across the country, but those living in Sun Belt cities are seeing prices rise at a much faster pace than homeowners in more affordable regions elsewhere. percent in July, The New York Times reports. .
Pro Builder
DECEMBER 20, 2022
The typical home in eight of the top 10 destinations is more affordable than the average home in the most common origin metros for incoming homebuyers, making the Sun Belt a more desirable location for buyers all across the U.S. . It’s followed by Miami, Tampa and San Diego.
Pro Builder
AUGUST 5, 2021
The growth in coastal markets, such as Tampa and Lakeland, Fla., The areas also offer lower property taxes and no state income taxes. A strong 84% of consumers noted they had been able to save more income to purchase a home due to the pandemic and stay-at-home orders, with nearly half saving 11% or more of their income.
Pro Builder
JANUARY 6, 2021
Counties deemed unaffordable are those with housing costs exceeding 28% of the average household income. The largest metros where homeownership remains affordable on average are Chicago, Houston, Philadelphia, Cleveland, and Tampa. . From there, the cost of mortgage payments, taxes, and insurance were calculated.
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