Income Archive

Daily Economic Update: Personal Income, Savings Rate

Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update highlights personal income and the savings rate....

High Income vs. Low Income Motivations

The primary motivation to purchase a home varies between home buyers with an income below $175,000 and those with an income above $175,000. The primary reason among buyers with an income below $175,000 to purchase a home is the...

More Renters Qualified to Buy, Part Two

This article is the second in a series.  The first article can be found here. Many factors have increased the number of renter households qualified to purchase a home in 2010 versus 2005: 1) incomes have increased, 2) population...

Household Income of Buyers

The typical household income in 2009 of recent home buyers was $72,200. The household income of first-time home buyers has changed over time. From 2002 to 2008 household income steadily rose from $54,800 to $61,600. In 2009, the household...

More Renters Qualified to Buy

Many factors have increased the number of renter households qualified to purchase a home in 2010 versus 2005: 1) incomes have increased, 2) population has grown, 3) prices have fallen, and 4) mortgage rates are lower. The graph above...