{"id":1151,"date":"2017-02-22T00:00:00","date_gmt":"2017-02-22T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/minimum-salaries-needed-to-buy-in-27-cities\/"},"modified":"2017-02-22T00:00:00","modified_gmt":"2017-02-22T00:00:00","slug":"minimum-salaries-needed-to-buy-in-27-cities","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/minimum-salaries-needed-to-buy-in-27-cities\/","title":{"rendered":"Minimum Salaries Needed to Buy in 27 Cities"},"content":{"rendered":"

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An increase in interest rates means home shoppers likely will need a higher salary in order to afford a median-priced home in 27 of the largest metro areas, according to mortgage<\/a> data provider HSH.com’s fourth-quarter 2016 salary-homeownership analysis.<\/p>\n

Couple that with higher home prices, which are rising year over year, and it takes more to afford the principal, interest, taxes, and insurance payments on a median-priced home. Take a look at the chart below to see how much your clients will need to earn in order to afford a median-priced home in your metro area. (HSH.com uses data from the National Association of REALTORS\u00ae, the Mortgage Bankers Association, and Freddie Mac for its calculations.)<\/p>\n

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Source: \u201cThe Salary You Must Earn to Buy a Home in 27 Metros,\u201d HSH.com (Feb. 13, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n

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[ad_1] An increase in interest rates means home shoppers likely will need a higher salary in … Minimum Salaries Needed to Buy in 27 Cities<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1152,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1403,12908,543,627,698,408,1032,1007,41,818,1262],"class_list":["post-1151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-home","tag-home-buying-guide","tag-homeowners","tag-insurance","tag-mortgage","tag-mortgage-bank","tag-owners","tag-property","tag-real","tag-taxes"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/city_salary_static.png?fit=1200%2C927&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":4674,"url":"https:\/\/amazingproperty.com.ng\/blog\/how-to-buy-a-house-without-going-house-poor\/","url_meta":{"origin":1151,"position":0},"title":"How To Buy A House Without Going House Poor","author":"Amazing Property","date":"May 24, 2017","format":false,"excerpt":"\u00a0 How much house can you really afford? 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