New HSH.com Report Finds U.S. Housing Affordability Rising in Some Major Metro Areas
QuinStreet, Inc. (QNST)
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Source: GlobeNewswire
Foster City, CA, Aug. 20, 2019 (GLOBE NEWSWIRE) -- HSH.com, a trusted online resource for mortgage data, content and expertise, released today its latest analysis of the salary required to afford a median-priced home.Covering the top 50 metropolitan areas, the report uses the latest quarterly home price data from the National Association of Realtors (NAR), incorporates local property tax and homeowner’s insurance costs, and calculates the income needed to qualify for a median-priced home in each market.For the second quarter of 2019, the latest research reveals that affordability in most metro areas improved compared to the second quarter of 2018, as a combination of lower mortgage rates and smaller overall price increases helps lower the salary needed to purchase a median-priced home.Compared to the same period last year, and thanks largely to significantly lower mortgage rates, the income required to purchase a median-priced home decreased in 32 of the 50 major metropolitan areas
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