tldrdaily.news logo
Tag

Metro Areas

All articles tagged with #metro areas

real-estate1 year ago

Renting Surpasses Buying in Affordability Across All Major US Metro Areas

A new report by Realtor.com reveals that renting is now more cost-effective than buying in all 50 of the largest metro areas in the US, with rental costs dropping steadily over the last seven months. Rising home prices have led to a $1,027 per month difference between owning a starter home and renting, with Austin, Seattle, and Phoenix showing the most significant gaps. High mortgage rates and low inventory are cited as the main reasons behind the cost disparity.

via Newser|
#buying#housing-market#metro-areas
demographics1 year ago

"Texas Counties Experience Rapid Population Growth According to US Census Data"

Texas leads the U.S. in population growth, with six out of the 10 fastest-growing counties and eight out of the top 10 counties adding the most residents. The state's major counties, including Harris, Collin, and Montgomery, saw significant population increases, contributing to Texas' overall growth of nearly half a million people in 2023. Additionally, Texas' four most populous metro areas experienced substantial population increases, with the greater Dallas area leading the pack. The Midland metro area, driven by job growth in the energy sector, also saw rapid population growth, reflecting the overall trend of faster growth in the southern U.S.

via The Texas Tribune|
#demographics#metro-areas#population-growth
real-estate2 years ago

"Surprising Exclusion: New York City Not Among the 11 U.S. Cities Requiring Over $200,000 Income to Buy a Home"

A recent report by the National Association of Realtors reveals that in 11 U.S. cities, households need to earn over $200,000 annually to afford a median-priced home. The highest income requirement is in the San Jose area, where a household would need to earn $482,835. Other cities on the list include Anaheim, San Francisco, and Honolulu. These cities are large urban coastal hubs where homes tend to be more expensive. In contrast, smaller rust belt and rural cities have much cheaper homes, with some requiring a household income of less than $50,000.

via CNBC|
#california#homeownership#housing-affordability
real-estate2 years ago

Rent Growth in Midwest Surpasses New York, Offering Relief to Renters

Rent prices in the United States continue to rise, with the national median rent price reaching $2,038 in July, just $15 less than the peak in August 2022. Rental growth has slowed since last September but has still increased by 14% over the past two years. While rental markets vary by state and region, South Dakota saw the highest year-over-year increase in rent prices at 23%. The Midwest and South experienced moderate rent growth, with New York State being the only outlier among the top 10 yearly gainers. Among the 50 most populous metropolitan areas, the Midwest had the largest share of rent gainers, while some areas in the West saw declines in rent prices.

via USA TODAY|
#metro-areas#midwest#real-estate