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Incomes Stagnate, Home Prices Soar: The Dilemma Of Affordable Housing [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
For the average U.S. household to afford the median-priced home, it needs to earn about $30,000 more than it does now, according to a recent report from real estate brokerage Redfin. Although that's concerning, it's an improvement from October, when the typical household needed nearly $41,000 more income to buy a median-priced house, largely because mortgage rates hit their highest level in 23 years. Don't Miss: Jeff Bezos called the meteoric success of this real estate investing strategy early on. He bet millions on the growth of fractional investing, and you can get in on the action with as little as $100. Elon Musk reportedly bought 6,000 acres of land outside of Austin. Here's how to invest in the city's growth before he floods it with new tech workers. To afford a home priced at $412,778 — the median price in February — buyers would need to make $113,510 annually, which is 35% more than the $84,072 median household income, according to Redfin. The last time the typic
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