If you want to buy a home in the United States of America, the average for a respectable home is no less than $ 200,000, and this varies depending on the place, according to the “Mick” website. And always the problem is not in the level of savings but in the location in which you can invest or live.
The value of Home:
The value of homes also depends on other issues such as the movement of the place in terms of the availability of jobs in the area so that there is a high demand, and since the housing crisis in 2008 the situation has recovered relatively last year, but the level of house prices is still at its lowest level in decades.
Now there are signs that things are getting better, with ownership rates rising to nearly 63.7%, according to the latest quarterly report from the US Census Bureau.
It also appears that housing inequality, or the gap in homeownership rates between the richest and the poorest, is shrinking as well.
That’s according to a recent analysis by housing economists at the real estate website Trulia, which looked at homeownership rates for 25 – to 55-year-olds in the 100 largest real estate or housing markets in the United States:
And while wealthy families (defined as being at the top of the three classes who can enter the real estate market) are still 2.3 times more likely to own a home than their neighbors in the rest of the classes.
This is an improvement of 4% compared to 2012 when the homeownership ratio was The richest families are up to 2.4 times.
Given that income inequality has continued to rise over the same period, a particularly surprising result has emerged, according to Felipe Chacon, a housing economist at Trulia, who stated in a phone interview: “The income gap is widening, but this Not a big factor in homeownership.”
He added, “There are other factors in the issue of the home market, the gaps are narrowing or widening, and that there is a wide range of options on the table regarding home prices in some markets.”
Here are the 7 most affordable markets for middle-income or somewhat poor Americans to own homes in, and where they’re still comfortable and financially adaptable:
In seventh place:
Montgomery County, Pennsylvania: It is a relatively wealthy area located northwest of Philadelphia, and the average household income is more than 94,000 dollars annually
And the average new homes value is 280,321 dollars
Yet families are still in the bottom third of the financial level Able to find affordable homes. With an ownership rate of 41%.
If you want to buy new homes in London the United States of America.
The average for a respectable home is no less than $ 200,000.
And this varies depending on the place. According to the “Mick” website. And always the problem is not in the level of savings but in the location in which you can invest or live.
The value of homes also depends on other issues such as the movement of the place in terms of the availability of jobs in the area so that there is high demand. And since the housing crisis in 2008. The situation has recovered relatively last year.
But the level of house prices is still at its lowest level in decades.
Now there are signs that things are getting better, with ownership rates rising to nearly 63.7%.
According to the latest quarterly report from the US Census Bureau.
It also appears that housing inequality. Or the gap in homeownership rates between the richest and the poorest is shrinking as well.
That’s according to a recent analysis by housing economists at the real estate website Trulia.
Which looked at homeownership rates for 25- to 55-year-olds in the 100 largest real estate or housing markets in the United States.
And while wealthy families (defined as being at the top of the three classes. who can enter the real estate market) are still 2.3 times more likely to own a home than their neighbors in the rest of the classes.
This is an improvement of 4% compared to 2012 when the homeownership ratio was The richest families are up to 2.4 times.
Given that income inequality has continued to rise over the same period.
A particularly surprising result has emerged, according to Felipe Chacon, a housing economist at Trulia. They stated in a phone interview:
“The income gap is widening. But this Not a big factor in homeownership.”
He added, “There are other factors in the issue of the home market, the gaps are narrowing or widening.
And that there is a wide range of options on the table regarding home prices in some markets.”
Here are the 7 most affordable markets for middle-income or somewhat poor Americans to own homes in. And where they’re still comfortable and financially adaptable:
In seventh place:
Montgomery County, Pennsylvania: It is a relatively wealthy area located northwest of Philadelphia.
And the average household income is more than 94,000 dollars annually. And the average home value is 280,321 dollars. yet families are still in the bottom third of the financial level Able to find affordable homes, with an ownership rate of 41%.
Sixth place: West Palm Beach, Florida: In terms of housing equality. Florida generally comes out on top. But in West Palm Beach, a tourist hub. Home prices still average $204,883.
Also although the wealthiest class owns about 76% of the homes in the region, this is not a lot, given that this is only a little more than double the average in the lower ordinary income class.
Fifth place:
Sarasota, Florida: Sarasota Gulf Coast is another Florida city that bridges the gap in housing inequality with more than 35% of low-income families living
And a median home price of $220,727. which is roughly the average year at the American level.
If you want to buy a home in the United States:
For the United States of America, the average for a respectable home is no less than 200 thousand dollars. And this varies according to the place. According to the “Mick” website.
And always the problem is not in the level of savings. But in the location in which you can invest or live.
The value of homes also depends on other issues. Such as the movement of the place in terms of the availability of jobs in the area. So that there is high demand.
And since the housing crisis in 2008. The situation has recovered relatively last year. But the level of house prices is still at its lowest level in decades.
Now there are signs that things are getting better. With ownership rates rising to nearly 63.7%, according to the latest quarterly report from the US Census Bureau.
It also appears that housing inequality. Or the gap in homeownership rates between the richest and the poorest is shrinking as well.
That’s according to a recent analysis by housing economists at the real estate website Trulia
Which looked at homeownership rates for 25- to 55-year-olds in the 100 largest real estate or housing markets in the United States.
And while wealthy families (defined as being at the top of the three classes who can enter the real estate market) are still 2.3 times more likely to own a home than their neighbors in the rest of the classes this is an improvement of 4% compared to 2012 when the homeownership ratio was The richest families are up to 2.4 times.
