Prices on the Uptick [infographic]
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PRICES ON THE UPTICK
With interest rates and home prices rising in the first half of 2015, housing affordability remains an issue for many would-be buyers.
30% The percentage of buyers who could afford to purchase a median-priced single-family home declined in the second quarter.
$485,000 Statewide median-priced, existing single-family home in the second quarter of 2015.
$96,160 The minimum annual income needed to qualifty for the purchase of a median-priced, existing single-family home.
$2,404 The monthly payment, including taxes and insurance, on a 30-year, fixed rate loan. (Assumes a 20% down payment and an effective composite interest rate of 3.97%.)
(To view this infographic on its original site, click here.)
PRICES ON THE UPTICK
With interest rates and home prices rising in the first half of 2015, housing affordability remains an issue for many would-be buyers.
30% The percentage of buyers who could afford to purchase a median-priced single-family home declined in the second quarter.
$485,000 Statewide median-priced, existing single-family home in the second quarter of 2015.
$96,160 The minimum annual income needed to qualifty for the purchase of a median-priced, existing single-family home.
$2,404 The monthly payment, including taxes and insurance, on a 30-year, fixed rate loan. (Assumes a 20% down payment and an effective composite interest rate of 3.97%.)
(To view this infographic on its original site, click here.)
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