Do you wonder what income is required to secure a home loan in various sections of the country? Do you wonder about the approximate affordability of homes in parts of the country? Are you geeky enough to enjoy charts just because they’re interesting? (we are too).
Below is an update from the National Association of Realtors about housing affordability across the nation.
For many people, such as first time home buyers or someone contemplating a location for retirement, this broader view might be very helpful for you. However, while the national view is useful, it’s always wise to remember the perspective that all housing statistics are more accurate when local, even as it applies to homes next door to each other. If information is too broad it loses meaning. For example, how would you answer the question “what is the weather in the United States?” So below we’ve given you a quick snapshot of the median sold price of homes in Charlottesvillle Virginia and the surrounding Greater Charlottesville counties.