Tag Archives: Income

Experts have said for decades that rent/housing costs should not exceed more than 30% of your income. Here’s where the current average salary gets you the furthest.

Fannie Mae announced the unveiling of HomeView en Español, a new resource available to help Latino communities and further address the homeownership gap in America.

Even the most affordable metro areas analyzed in NerdWallet's latest Q2 housing activity report experienced price increases that decreased overall affordability, as rising home prices and high interest rates continue to make the homebuying process even more difficult for potential first-time buyers.

A new State of U.S. Population Movement Report reveals that more Americans are moving to counties that have a median house value of $279,000—nearly 40% lower than the median house value of counties that are losing population.

Latino homeownership lagged 22 percentage points behind white homeownership in 2021 and experienced significantly higher mortgage denial rates than their white counterparts, according to Fannie Mae’s new Latino Housing Journey. Click through for more on the disparities Latino households face and policy solutions that could increase homeownership opportunities.

The Housing Choice Voucher homeownership program could help reduce the racial homeownership gap in the U.S., allowing households with a voucher to use it for mortgage payments rather than rent, advancing homeownership opportunities for Black non-Hispanic households.

As the nationwide homeownership rate sits at nearly 70%, a new study from PropertyShark revealed which economic factors continue to impact U.S. rates. Percentages in coastal and southern states have seen a sharper decline compared to states like New York or California.

A new report revealed where home improvement spending is rising faster than incomes, as homeowners in Southern states were found to spend more on home improvements compared to large cities like New York and Philadelphia.

House-buying power, or how much one can buy based on changes in income and interest rates, has decreased both month-over-month and year-over-year.

The average U.S. home gained $1,800 in value between November and December 2021.