Households pay 24 percent of their total income for housing on average. The average expense: $927 a month.
Renters generally pay less in housing cost ($845 versus $1,008 for owners per month), but they usually pay a higher percentage of their household income than owners (31 percent versus 20 percent).
Twenty percent of recent movers identified convenience to their work as the most important factor in choosing a neighborhood.
So says the Census Bureau in its 2011 American Housing Survey, the latest year for results.
If you’d like more tidbits on the nation’s 115 million occupied homes, read on. For example, questions about safety, health hazards and accessibility demonstrate that 64 percent of houses have Continue reading
MANHATTAN BUCKS WORSENING STATEWIDE TREND OF RISING MORTGAGE DELINQUENCIES
The mortgage loan delinquency rate in Brooklyn, the Bronx and Queens in the final quarter of 2010 was up from year-earlier levels, according to a recent quarterly analysis. The uptick could well lead to a rise in foreclosure activity in coming months.
Manhattan was the only borough to see a decline in delinquencies, with a slight drop of 0.04 percentage points in the period.
APARTMENT MARKET SHOWS POSSIBLE SIGNS OF STRENGTH
Sales in the Manhattan co-op and condo market show signs of bouncing back after dropping sharply last month, reports the Wall Street Journal.
January sales were hurt because Continue reading
- For lower-priced housing, head to a whiter shade of pale. (Click to expand.)
The U.S. Census Bureau released five-year American Community Survey (ACS) estimates for the first time yesterday, making available social, economic, housing and demographic statistics for every community in the nation.
Reeves, Tex., was among counties with the lowest median home value–$29,000–while Nantucket, Mass. was among those with the highest median–approximately $1 million.
Manhattan’s median grew from $449,800 in 2000, Continue reading