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In January 2020, the median home price was $290,499 – nearly 45% lower than the median home price in May 2023. [ 7 ] For households earning 30% of the county's median income, most counties in the United States do not have rental housing considered affordable to at least half that income segment (one-third of 30% of median).
According to a 2004 report, among homeowners with household incomes in the top 10%, those earning more than $120,000 a year, home values were considerably higher while houses were larger and newer. The median value for homes in this demographic was $256,000 while median square footage was 2,500 and the median year of construction was 1977.
The price tag of a starter home is now over $1 million in more than 100 cities and towns across the country, according to new data from Zillow, another sign of the ongoing affordability challenges ...
These platforms allow buyers to view homes in their desired area from anywhere. [8] Mobile applications are particularly prominent with millennial real estate customers. Real estate investment continues to grow in popularity across the United States, as both new and seasoned investors look for opportunities in a competitive market.
Having more than one home is now the norm for wealthy Americans. A 2023 Ameriprise Financial survey of financial advisors who work with high-net-worth clients estimated that about two out of three ...
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The American construction industry suffers from fragmentation along state lines because of how professional licensing has traditionally been the province of the state governments.
Carissa Aulich, a real estate agent with Redfin, tells Yahoo Life that while open-concept floor plans are still a popular choice, she has noticed a shift away from them ever since the COVID-19 ...