Eye On Housing
Property taxes vary widely across states both in terms of annual taxes paid as well as effective tax rates. In 2017, the difference between average real estate taxes paid by New Jersey and Alabama home owners was nearly $8,000. New Jersey continued its perennial distinction as having the highest average real estate tax bill per home owner ($8,485) as well… Read More ›
Homeownership is an important driver of wealth creation in the US, with owner-occupied housing accounting for more than a quarter of assets among US households. When examining homeownership across different demographic groups, rates vary significantly, indicating that the economic and financial benefits of homeownership do not reach everyone. A recently released NAHB special study explores the geographic differences in homeownership… Read More ›
Homeownership has been and continues to be an important driver of wealth creation in the US, with owner-occupied housing accounting for almost a quarter of assets among US households. When examining homeownership across different demographic groups, rates vary significantly, indicating that the economic and financial benefits of homeownership do not reach everyone. A recently released NAHB special study explores the geographic… Read More ›
New research from NAHB finds a growing disparity between the median income of all home buyers and the median income of new home buyers. According to the 2011 American Housing Survey (AHS), home buyers overall had a median income of $64,998. The subset of home buyers that bought new homes had a median income of $81,715, about 26 percent more than… Read More ›