A $100k Salary No Longer Buys the Typical Home
Six figures used to buy you a pretty sweet house: about 140% of the typical home. Now? About 90%. What happened?
December 5, 2024 9 MIN
Six figures used to buy you a pretty sweet house: about 140% of the typical home. Now? About 90%. What happened?
A typical first-time buyer house payment eats up 50% of the median income. But these aren't uncharted waters. It just feels terrible because the early 2020s were comparatively so cheap.
Americans fear housing bubbles for good reason: the last bubble nearly unraveled the global economy. Are we in another one or is everything A-OK?
Housing inventory is hitting 4-year highs. Higher mortgage rates have gone from a curse to a blessing. Is it time to buy?
Whether mortgage rates decline or by how much remains unknown and depends largely on how many hikes the Fed will make in its drive to curb high inflation.
“A surprising bounce back in new-home construction is welcome,” said Lawrence Yun, chief economist of the National Association of Realtors.
U.S. home prices gained at a record pace in April as a shortage of available properties boosted competition among buyers.
Experts suggest spending no more than 28% of your income on a house payment and 36% on all debts including housing. Is this realistic in today's economy?
Homeowners hoped 2024 would help them break up with their mortgage rate, but a recent report shows they should start thinking about a long-term relationship.
2023 wasn't kind to mortgage lenders. But some fared surprisingly well, leveraging opportunities the market presented.
One of the biggest misconceptions in finance and real estate is that the Federal Reserve “sets” mortgage rates. Here's what really determines them.
