News

Wilmington Star-News4d
Homebuying has become dramatically harder for the average New Hanover household. Here's why.
The share of home sales affordable to median income buyers in New Hanover dropped from 50% in 2020 to 5% in 2023, according ...
ConsumerAffairs14d
Here's how much income is needed to afford the median-priced home
The rapid rise in home prices is playing an outsized role in home affordability, with one report finding a buyer needs an income of $114,000 a year to affo ...
In these parts of California, earning less than $100,000 makes you ‘low income’
The cost of living crisis in California has made several counties so expensive that median income falls below the low-income ...
Hosted on MSN15d
How Income Inequality Is Redrawing the Map of American Neighborhoods
In dollar terms, home prices nationally jumped roughly 43% from 2019 to 2022, while median household income rose only about 7% in that same period. The rise in home prices has been accompanied by ...
NBC Los Angeles on MSN10d
17% of California residents could afford a home in first part of year, report says
Just 17% of the state's consumers could afford to purchase a median-priced, existing single-family home in California in the ...
In these 4 Bay Area counties, being ‘low-income’ means earning $100K a year
In four Bay Area counties, you can now earn a six-figure salary and still be considered low-income.
Reno Gazette-Journal28d
In Nevada, $100K income considered middle class — and may not cover all expenses
Over that same period, Nevada’s median household income rose about 16%, from $65,686 in 2020 to $76,364 in 2023, according to U.S. Census Bureau data published by the Federal Reserve Bank of St ...