{"id":2723,"date":"2018-11-20T10:05:12","date_gmt":"2018-11-20T18:05:12","guid":{"rendered":"http:\/\/skyrisere.com\/listings\/?p=2723"},"modified":"2018-11-20T10:05:12","modified_gmt":"2018-11-20T18:05:12","slug":"increased-wages-make-buying-a-home-more-affordable","status":"publish","type":"post","link":"https:\/\/skyrisere.com\/listings\/2018\/11\/20\/increased-wages-make-buying-a-home-more-affordable\/","title":{"rendered":"Increased Wages Make Buying A Home More Affordable"},"content":{"rendered":"<div class=\"row\">\n<div class=\"col-md-8 col-md-offset-2 lead\">\n<h1>Increased Wages Make Buying A Home More Affordable<\/h1>\n<p><a href=\"http:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/E213EF4D-F984-445E-AE95-FF34470704AA.jpeg\"><img fetchpriority=\"high\" decoding=\"async\" data-id=\"2721\"  src=\"http:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/E213EF4D-F984-445E-AE95-FF34470704AA.jpeg\" alt=\"Got The Raise\" width=\"800\" height=\"800\" class=\"alignnone size-full wp-image-2721 img-responsive\" srcset=\"https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/E213EF4D-F984-445E-AE95-FF34470704AA.jpeg 800w, https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/E213EF4D-F984-445E-AE95-FF34470704AA-150x150.jpeg 150w, https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/E213EF4D-F984-445E-AE95-FF34470704AA-300x300.jpeg 300w, https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/E213EF4D-F984-445E-AE95-FF34470704AA-768x768.jpeg 768w, https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/E213EF4D-F984-445E-AE95-FF34470704AA-75x75.jpeg 75w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<p>Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation \u2013 wages.<\/p>\n<p>How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. <\/p>\n<p>Because of an improving economy, wages are finally beginning to increase \u2013 and that dramatically affects home affordability.<\/p>\n<p>According to the <i>National Association of Realtors<\/i>\u2019 (NAR)   <a href=\"http:\/\/economistsoutlook.blogs.realtor.org\/2018\/11\/08\/september-2018-housing-affordability-index\/\">September 2018 Housing Affordability<\/a>  <a href=\"http:\/\/economistsoutlook.blogs.realtor.org\/2018\/11\/08\/september-2018-housing-affordability-index\/\">Index<\/a>, wages have increased in every region of the country:<\/p>\n<p><a href=\"http:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/770F2A9E-D41F-48A7-8A26-D04F7A6C8146.jpeg\"><img decoding=\"async\" data-id=\"2720\"  src=\"http:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/770F2A9E-D41F-48A7-8A26-D04F7A6C8146.jpeg\" alt=\"Current Wages\" width=\"800\" height=\"600\" class=\"alignnone size-full wp-image-2720 img-responsive\" srcset=\"https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/770F2A9E-D41F-48A7-8A26-D04F7A6C8146.jpeg 800w, https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/770F2A9E-D41F-48A7-8A26-D04F7A6C8146-300x225.jpeg 300w, https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/770F2A9E-D41F-48A7-8A26-D04F7A6C8146-768x576.jpeg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<p>After applying current salaries, home prices, and mortgage rates to their Home Affordability Index equation, the index, though still lower than this time last year (160.1 to 146.7), increased over the last month (141.2 to 146.7).<\/p>\n<p>The percentage of income needed to own a home has also decreased each of the last three months. It currently sits at 17% which is substantially  <a href=\"http:\/\/zillow.mediaroom.com\/2018-09-06-Mortgage-Burden-Exceeds-Historic-Levels-in-10-of-the-Largest-U-S-Markets\">lower than historic numbers<\/a> .<\/p>\n<p><a href=\"http:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/61A2E560-1EB5-456B-A38C-1A37A7F1B191.jpeg\"><img decoding=\"async\" data-id=\"2722\"  src=\"http:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/61A2E560-1EB5-456B-A38C-1A37A7F1B191.jpeg\" alt=\"Payment and Income\" width=\"800\" height=\"600\" class=\"alignnone size-full wp-image-2722 img-responsive\" srcset=\"https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/61A2E560-1EB5-456B-A38C-1A37A7F1B191.jpeg 800w, https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/61A2E560-1EB5-456B-A38C-1A37A7F1B191-300x225.jpeg 300w, https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2018\/11\/61A2E560-1EB5-456B-A38C-1A37A7F1B191-768x576.jpeg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<h2>What To Do<\/h2>\n<p>If you are a first-time buyer or a move-up buyer who believes that purchasing a home is not within your budget, check with <i>Skyrise Real Estate Group<\/i> to find out if that is still true.<\/p>\n<div>&nbsp;<\/div>\n<p><a href=\"http:\/\/skyrisere.com\/listings\/contact\/\" class=\"btn-primary btn-lg\">Contact Us<\/a><\/p>\n<p><a href=\"http:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2015\/11\/SkyriseLogoLrg.jpg\"><img decoding=\"async\" data-id=\"1497\"  src=\"http:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2015\/11\/SkyriseLogoLrg.jpg\" alt=\"SkyriseLogoLrg\" class=\"img-responsive\" \/><\/a><\/p>\n<p class=\"pull-right\">BRE: 02030533<\/p>\n<\/div>\n<\/div>\n ","protected":false},"excerpt":{"rendered":"<p>Increased Wages Make Buying A Home More Affordable Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation \u2013 wages. How much a family earns obviously impacts how easy or difficult it is for them to afford to own a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2723","post","type-post","status-publish","format-standard","hentry","category-featured","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Increased Wages Make Buying A Home More Affordable - Skyrise Real Estate Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/skyrisere.com\/listings\/2018\/11\/20\/increased-wages-make-buying-a-home-more-affordable\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Increased Wages Make Buying A Home More Affordable - Skyrise Real Estate Group\" \/>\n<meta property=\"og:description\" content=\"Increased Wages Make Buying A Home More Affordable Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation \u2013 wages. 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