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What is Happening in
Paycheck to Paycheck - 2008 Fourth Quarter Findings
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| Homeownership Market | |
| 2008 Median Priced Home: not available |
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©Copyright 2000-2010 Center for Housing Policy
Data on the median-priced home are from the National Association of Home Builders' Housing Opportunity Index for the fourth quarter (4Q) of 2008. The annual income needed to qualify for a mortgage was calculated using the average prevailing interest rate, assumes a 10 percent downpayment and the use of private mortgage insurance, and includes principal, interest, taxes and insurance. Wage data are as of November, 2008 and were obtained from a proprietary database of salary information by geographic location maintained by Salary.com. |
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