Realtor.com® April Housing Report: The Required Household Income to Purchase a Home Exceeds $250,000 in Four California Metros [Yahoo! Finance]
News Corporation - Class B (NWS)
US:NASDAQ Investor Relations:
investors.newscorp.com/investor-relations
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Source: Yahoo! Finance
housing data , the national required household income to purchase the median priced home rose to , up from a year ago, after accounting for the cost of tax and insurance. For hopeful buyers in California's major metros of Los Angeles San Diego San Francisco and San Jose the household income required to purchase the median-priced home is over double the national figure. April 2024 Housing Metrics – National Metric Change over Apr 2023 Change over Apr 2019 Median listing price +0% (to $430,000) +36.5 % Active listings +30.4 % -35.4 % New listings +12.1 % -21.8 % Median days on market +1 days (to 47 days) -7 days Share of active listings with price reductions +3.2 percentage points (to 15.5%) +1.0 percentage points California is a fascinating market not only because the income-required figures are an eye-popping quarter of a million dollars, but because it is a microcosm of the variety we're seeing in housing markets nationally," said Danielle
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