Tag Archives: income

Asset vs. income: Why most businesses don’t compound 

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Self-employment can be a rational and rewarding choice, Nick Schlekeway writes, but it should not be mistaken for building an asset that compounds. Continue reading →

Buying vs. renting: The income gap is widening, Redfin says

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The financial gap between owing and renting has grown significantly, making the dream of homeownership more distant, according to report released by Redfin Thursday. Continue reading →

Buyers need $7,200 more than in 2022 to afford ‘starter’ homes

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The annual paycheck for a first-time homebuyer is roughly $64,500 to afford the typical U.S. “starter” home in 2023 — up 13 percent from a year ago, according to a report from Redfin. Continue reading →

Making $67K? That’s no longer enough to buy the typical US home

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The second quarter of 2022 saw the affordability of the typical home purchase erode at the fastest pace in at least two decades. Continue reading →

Home prices may be ‘unhinged’ from fundamentals, Fed analysts say

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For months, the rise in home prices was in line with underlying indicators. Now, it may have gone too far, a Dallas Fed report suggests. Continue reading →

Home affordability erodes at fastest annual pace since 2004

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Despite record-high prices, homes remain much more affordable for buyers than they were in 2006. However, buying power has taken a big hit lately. Continue reading →

Dollars and Sense: Why you need a financial adviser

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So many agents wait too long to plan for the future. I have no clue about your financial situation, but I do know that you need to fully understand your finances and how they will impact your future.  Continue reading →