high school

From staff reports

The good news? A person with a high school diploma could (in theory) afford to buy a home in North Texas. The bad news? It will probably take seven years (at least) to save the down payment.

A new Zillow research report matched median mortgage payments in the country’s 50 largest metro areas for the first quarter of this year to the most recent American Community Survey incomes for each educational level, adjusting the latter’s 2017 figures for 2019’s inflation.

Somewhat surprisingly, 36 of those 50 fleshed out to be theoretically affordable to households earning the income associated with a high school diploma-level of education. Dallas, Houston, San Antonio, and Austin were among the 36 cities named.

In fact, in Oklahoma City, a potential homebuyer wouldn’t even need a high school diploma to afford the median-valued home. (more…)

The majority of sellers in 2019 are prepared to deal with a slower housing market, know they need an agent, but are still unclear on costs associated with selling a home, a new report revealed.

The report by Clever.com found that 65 percent of those surveyed were aware that 2019 might signal a slowdown in the market, and were prepared to wait longer for a good price versus selling their home quickly.

More than 60 percent of those surveyed said they wouldn’t feel comfortable handling the paperwork for a real estate transaction and would hire a Realtor, and half said they wouldn’t feel comfortable negotiating with buyers on their own. (more…)

Manufacturing jobs posted higher numbers, and wages increases provided high points in the June 2018 report from the Bureau of Labor Statistics.

When it comes to buying a home in hot North Texas markets, what’s holding a lot of buyers back — besides inventory — is income. With so much of a recent graduate’s paycheck going toward exorbitant student loans, and with many families making the tough choice of forgoing homeownership so one parent can stay home with young children, income stagnation is a huge issue. 

So it was heartening to hear that after months of slow-to-zero wage growth in the US, now nine years removed from the Great Recession, that non-farm payroll got a significant boost. Tempering the good news was a contraction in the retail industry, driving up employment to 4 percent.

(more…)