family income Archive

How much of my income goes towards housing?

With rates rising and home price growth starting to slow, I started to consider how much income is used towards housing in this current economic climate. Mortgage rates are trending upwards to near the highs of 2011 at 4.98...

A Ten-Year Analysis of the May 2018 Existing-Home Sales Figures

Every month NAR produces existing-home sales, median sales prices and inventory figures. The data is released with a one-month lag (so the May data is released in June) and is reported on a seasonally adjusted annualized rate. We also...

The Impact of Rising Interest Rates on Home Prices

Mortgage rates have been rising and are expected to increase further over the next two years.  Home sales and home prices are generally impacted negatively if mortgage rates were the only things changing.  Fortunately, there are other economic variables...

Median Income: Family vs. Household

Did you know: “Typical” income for a household or family varies based on the type of family you’re interested in describing. Typical income can be measured in a variety of ways. Analysts often use median household income to indicate...