If you look at where $250,000 in household income buys you the most house, all of the top ten cities are in the South. The purchasing power of a $250,000 salary, for instance, depends largely on a city’s cost of living and overall tax environment. High earners might be able to maximize their earnings and […]
05
Mar
Mar
For the first time since records began, first-time homebuyers made up the smallest share of sales last year at 26% Despite a recent softening in the US housing market, a combination of rising borrowing costs and still-high prices have put prospective first-time homebuyers in a serious bind. The difficulties for first-time buyers have been escalating […]
25
Jul
Jul
Nearly 30 percent of Americans born in the late 1990s and early 2000s still live at home with their parents or relatives, according to a new survey conducted by Qualtrics. The survey also found that 28 percent of respondents are not able to save right now. Another 27 percent said they live with a romantic […]
21
Mar
Mar
According to the National Association of Realtors® recent Existing Home Sales report, the median existing-home price for all housing types in February was $357,300, up 15.0% from February 2021 ($310,600), as prices grew in each region. This marks 120 consecutive months of year-over-year increases, the longest-running streak on record. Properties typically remained on the market […]
14
Mar
Mar
On Friday, March 11th, the Federal Reserve placed their last remaining order to purchase Mortgage Backed Securities (MBS) as part of their emergency Quantitative Easing program. This was a program where the Federal Reserve Bank of New York would purchase both U.S. Treasuries notes and MBS bonds. They did this to create an increase demand […]