Home Prices and needed income

What may be most interesting is the Income Needed column.

Home Prices Up in 93% of Measurable Markets 

Some Highlights:

• The national median home price for Q2 is up 8.2% to $229,400
• The income needed to afford the median home in each region is directly impacted by the amount of the down payment. The larger the down payment the lower the income needed to pay the monthly mortgage payment.
• The West led the way with the highest median home price at $325,200.

 When you are ready to see how this applies to your unique situation, call, text or email