Tag Archives: Income

Many potential homebuyers are not in the market to buy because of feelings financial instability, according to a survey released by banking data firm RateWatch Thursday. The survey, Home Lending: Today's Customer, shows that 38 percent of non-homeowners making between $100,000 and $149,000 surveyed listed financial instability as a contributing factor for not buying a home. This was consistent across all income brackets studied.

In the nation’s largest cities, a median income is not sufficient to purchase a median-priced home. In fact, even households with two median incomes cannot afford median-priced homes in the 40 largest cities in the United States, according to a Redfin survey released last week. Redfin’s findings concur with data from Zillow revealing median-income earners in Southern California cannot afford more than half of homes for sale in their market.