Trulia: Home affordability slips for middle class

As in our inaugural middle-class affordability report, we calculated the share of for-sale homes on Trulia that are affordable to a middle-class household, based on whether the total monthly payment – mortgage, insurance, and property taxes – was less than 31% of the metro area’s median household income. (See note below.)

Only about 19 percent of the homes for sale in Bergen County are within reach of the average middle-class family, a recent survey shows, while in Salem County, the number skyrockets to 92 percent.

Rising home prices and flat wage growth have reduced affordability in 89 of the 100 largest housing markets in the U.S., according to Trulia. In Louisville, the median listing price was $159,900. launches online tool for distressed borrowers More and More eclosings; credit score Trends: 850 FICO a Goal? – First Choice Loan Services Inc., a Berkshire Bank Company, announces the launch of a new customer relationship management (CRM) tool powered by the. and marketing." To make online closings.Wells Fargo ups commissions to spur loan production The new programme of long-term loans for banks, which will be tied to lending to. non-existent for the foreseeable future," Jay Bryson, senior economist at Wells Fargo, wrote in a note. "We look.

Much of the media angst has centered on millennials’ inability to buy homes. But it’s a problem that affects many middle-class Americans, making home ownership a struggle – particularly for single-earner households, according to new research from real estate website Trulia. In examining home affordability by occupation, Trulia compared local home prices to median incomes for doctors.

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Palm Beach County housing affordability slips. 10:12 am May. 13, 2016. Palm Beach County’s busiest new home developments have little for middle-class families. 11:31 am Mar. 23, 2016. For those who fret about the affordability of homes in Palm Beach County,

In Broward County, middle class buyers can afford 57 percent of homes for sale, down from 62 percent, Trulia said. In Palm Beach County, 52 percent of homes are affordable, down from 58 percent

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Earlier this year, in May, Trulia released a report showing that Ohio was home to some of the nation’s most affordable housing markets for the middle class. Now, as 2014 draws to an end, online.

Trulia: Home affordability slips for middle class. Where it’s cold it’s affordable; where it’s warm you can’t buy. Home affordability continues to challenge first-time, young and middle.

The mortgage-interest tax deduction, which provides upper middle-class homeowners with billions of dollars in annual tax breaks, also helps. Given the current conditions, Trulia chief economist. a.