November 22, 2024 9:33 pm
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Salary needed to afford a home in popular U.S. markets

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According to the National Association of Realtors, the amount of existing homes available on the market in June decreased by 7% from the previous year to 1.96 million, which has further pushed up home prices. Business Insider staffer Tanza Loudenback reports on the site’s list of U.S. metro areas where the minimum salary to qualify for a mortgage is highest.

In the twenty-third market, Burlington-South Burlington, Vermont, the median home cost is $288,000 and the average salary needed to buy a home is $53,444.

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.