Interesting article by Cliff Kuang in FastCompany.com, dated October 25, 2011, about Men and Women in Real Estate Sales. His article uses data from Trulia.com. To summarize: Men put up more homes to sell, and women list more expensive homes.
Men list more homes:
Women list expensive homes:
I previously summarized the Center for Housing Policy’s Paycheck to Paycheck report which reviewed housing affordability across 200 markets, with 1 being the most expensive and 200 being the least expensive. My original post can be found here.
The Center for Housing Policy collected data points from the National Homebuilders Association, US Department of Housing and Urban Development, and Salary.com
Below summarizes Boise, Idaho specific data:
Here are a couple of additional graphics that I was able to extract from the website.
This Chart compares the income of seasonal retail jobs to the annual income needed to purchase a median priced home:
This Chart compares the income of five pre-selected occupations (out of a list of 74) to the annual income needed to purchase a median priced home:
One other tool that I haven’t shown allows you to select an occupation, and compare the median salary across three markets. The report provides median home price, income needed to purchase a home, and the median salary for the occupation across all three markets. The site can be found here.
The Center for Housing Policy just released their 2011 Paycheck to Paycheck Report. In the report, they detail:
They also provide some templates on how certain occupations match up with the needed income to achieve the median home price in each MSA. The data points were collected from the National Homebuilders Association, US Department of Housing and Urban Development, and Salary.com
The Most to Least Expensive Homeownership Markets can be found here.
The Top 10 Most Expensive Homeownership Markets with Q3 2011 Prices are:
1. San Francisco, CA: $585,000
2. New York, NY: $450,000
3. San Jose, CA: $443,000
4. Honolulu, HI: $425,000
5. Santa Ana, CA: $405,000
6. Santa Cruz, CA: $395,000
7. Bridgeport, CT: $390,000
8. Suffolk-Nassau, NY: $378,000
9. Cambridge, MA: $370,000
10. Ocean City, NJ: $353,000
The Least 10 Expensive Homeownership Markets with Q3 2011 Prices are:
200. Battle Creek, MI: $85,000
200. Flint, MI: $85,000
202. Wheeling, WV: $84,000
203. Lima, OH: $83,000
203. Saginaw, MI: $83,000
203. Springfield, OH: $83,000
206. Bay City, MI: $82,000
207. Ocala, FL: $80,000
207. Toledo, OH: $80,000
209. Youngstown, OH: $77,000
The Center for Housing Policy also reviewed data for rental affordability. They compared 2 Bedroom rentals across all markets. The Most to Least Expensive Rental Markets can be found here.
Obviously, their are some market overlaps when you compare affordability of rentals to affordability of homeownership.
Here are the Top 10 Most Expensive Rental markets (Cities in BOLD are also in the Top 10 Most Expensive Homeownership Markets):
1. San Francisco, CA: $1,833
2. Santa Cruz, CA: $1,730
3. Honolulu, HI: $1,702
3. San Jose, CA: $1,702
5. Suffolk-Nassau, NY: $1,661
6. Santa Ana, CA: $1,584
7. Oxnard, CA: $1,527
8. Los Angeles, CA: $1,465
9. Bethesda, MD: $1,461
9. Washington, DC: $1,461
Where does your dollar go farthest when buying a home? CNBC compiled a slide show based on data Zillow.com
The data is summarized below:
1. Ocala, FL. Value per sq. ft.: $50. Average home size: 1,615 sq. ft. Zillow Home Value Index: $85,200
2. Lakeland, FL. Value per sq. ft.: $52. Average home size: 1,666 sq. ft. Zillow Home Value Index: $89,100
3. Spartanburg, SC. Value per sq. ft.: $56. Average home size: 1,678 sq. ft. Zillow Home Value Index: $98,800
4. Mobile, AL. Value per sq. ft.: $57. Average home size: 1,803 sq. ft. Zillow Home Value Index: $78,200
5. Detroit, MI. Value per sq. ft.: $59. Average home size: 1,604 sq. ft. Zillow Home Value Index: $72,900
6. (Tied) Atlanta, GA. Value per sq. ft.: $60. Average home size: 2,128 sq. ft. Zillow Home Value Index: $109,700
6. (Tied) Memphis, TN. Value per sq. ft.: $60. Average home size: 1,882 sq. ft. Zillow Home Value Index: $95,400
8. (Tied) Canton, OH. Value per sq. ft.: $61. Average home size: 1,634 sq. ft. Zillow Home Value Index: $88,900
8. (Tied) Augusta, GA. Value per sq. ft.: $61. Average home size: 1756 sq. ft. Zillow Home Value Index: $84,600
10. Toledo, OH. Value per sq. ft.: $62. Average home size: 1,652 sq. ft. Zillow Home Value Index: $86,700
In Russ Britt’s column in Market Watch, he ranks 102 metro areas on the best business communities in 2011. The article stated that the “analysis covers an array of measures meant to gauge how much business is concentrated in a region and whether those companies are helping its local economy to grow.”
The Top 10 Cities were:
The Bottom 10 Cities were:
93. Lakeland, FL
94. Cape Coral, FL
95. North Port, FL
96. Dayton, OH
97. Modesto, CA
98. Youngstown, OH
99. Sacramento, CA
100. Fresno, CA
101. Riverside, CA
102. Stockton, CA
The full list can be found here.
Market Watch’s criteria included two major Headings of Company Concentration and Economic Stability:
COMPANY CONCENTRATION
ECONOMIC STABILITY
The methodology can be found here.
I’m sure you’ve since this, but I thought it was an interesting idea … Made In America.
ABC did a story about a homebuilder in Bozeman, Montana. He only used US made materials as a demonstration to create more jobs. According to ABC’s article, if every builder only used 5% more US made materials, there would be an increase of 220,000 jobs.
Great idea to grow jobs.
