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High risk of natural disaster and extreme heat For two decades, they’ve also been some of the most popular places to move as Americans have flocked to the South and West. Much of Vermont, which is not highlighted as high risk in the maps above, saw devastating flooding last year following a record-breaking storm. Jacksonville Tallahassee Gainesville Daytona Beach Orlando Tampa HIGH HURRICANE WIND RISK Sarasota The Tampa metro area has been one of the fastest growing in the country. Many of these new residents have settled in coastal communities that are at high risk for hurricanes. Dallas-Fort Worth sits in an area at high risk for serious thunderstorms, hailstorms and tornadoes.

☆ Global Entry fees are going up for the first time ever—apply before Oct. 1 to lock in the lower rate
▼ + stars: | 2024-09-27 | by ( Mike Winters | ) www.cnbc.com time to read: 1 min

Membership prices for the expedited security program Global Entry are increasing for the first time ever, from $100 to $120 for both new members and renewals, according to U.S. Customs and Border Protection. However, the price hike takes effect Oct. 1, so you can still lock in the current price by applying or renewing before then. Keep in mind that you can only renew a year in advance, so if your current membership is valid beyond October 2025, the higher fee will apply. While adults can save by renewing before Oct. 1, it's better to wait if you have kids. From Oct. 1, children under 18 will no longer have to pay the $100 membership fee.

Organizations: U.S . Customs Locations: U.S

☆ 32-year-old gave up on buying a home in LA after mortgage costs surged: 'Even a modest condo costs close to $1 million'
▼ + stars: | 2024-09-27 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

When Jonathan Ochart moved from San Antonio to Los Angeles in 2023 to grow his public relations business, he figured he'd buy a condo. But that's only one of the reasons he's priced out of the Los Angeles County market, even for a smaller place. In LA, "even a modest condo costs close to $1 million," he says. Jonathan Ochart gave up on buying a condo in Los Angeles. Courtesy of Jonathan OchartBy early 2024, Ochart had given up on the idea of buying a condo in Los Angeles altogether.

Persons: Jonathan Ochart, Ochart, you've Organizations: CNBC, U.S . Census Locations: San Antonio, Los Angeles, Texas, Angeles County, Ochart's, Beverly Hills, LA, San Jose , New York, Boston, LA County, U.S

☆ Here’s how much money you’d have if you invested $1,000 in Costco 10 years ago
▼ + stars: | 2024-09-26 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

While the wholesale retailer's iconic hot dog and soda combo has sold for $1.50 since 1985, the total return on the company's stock has grown by an astronomical 59,152%, according to CNBC calculations. In contrast, the total return on the S&P 500 has increased in value by about 6,000% in that time. Costco's hot dog price hasn't budged in decades , but the same can't be said for its soaring stock. The company has confirmed a growing number of young people, including Gen Z, have been signing up for Costco memberships in recent years. Ahead of the company's release of its fourth quarter earnings after Thursday's market close, here's a look at the stock performance over the years, based on an initial investment of $1,000.

Persons: Gen Organizations: CNBC, Costco, Kirkland

☆ Mortgage rates dip, giving U.S. homebuyers over $200,000 in additional spending power in some U.S. cities
▼ + stars: | 2024-09-24 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

U.S. home buyers are gaining tens of thousands in purchasing power as mortgage rates drop. The findings are based on the monthly payment for a median-priced home in the U.S., a 20% down payment and a 6.2% mortgage rate. The analysis applied the same method to each of the 100 largest cities, calculating how much extra buying power homebuyers have in each local market compared with last year. Here are the 15 metro areas where buying power has increased the most based on 6.2% and 6% mortgage rates. Buying power is how much more home a buyer in each market can afford compared with October 2023.

Organizations: Federal Reserve Locations: U.S, Jose , California

☆ This US man failed Spanish in school. Now he’s running a language school in Spain
▼ + stars: | 2024-09-22 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +11 min

Ted Purdom, from San Anselmo, California, graduated in 2011 with a bachelor’s degree in English and enrolled in an overseas language program, aiming to learn Spanish. He ended up in Mallorca, the capital of the Balearic islands off the east coast of Spain, for the nine-month program. A friend told him about another program that placed American “language coaches” in Spain, called “Auxiliares de Conversación,” (conversation assistants), run by the Spanish Ministry of Education. So that November he opened The Bridge English Academy in Manacor, converting a former wine store into classrooms to give English language courses to locals. Then there’s the fact that the islanders’ first language isn’t Spanish, but Mallorquin, a dialect of Catalan.

Persons: he’d, Ted Purdom, ”, Purdom, –, “, – Lluïsa, Apollonia, Neme Jimenez, iStock, ” Purdom, Llombards, Dennis Fischer Organizations: CNN, University of Oregon, Spanish Ministry of Education, Mallorca, English Academy, San Francisco Bay Area Locations: California, Mallorca, San Anselmo , California, Balearic, Spain, Spanish, Oviedo, Asturias, Mallorca’s, Palma, Manacor, American, kickstarting, San Francisco Bay, Francisco, Bay

☆ California wildfire forecast: Season primed for action in the months to come
▼ + stars: | 2024-09-22 | by ( Mary Gilbert | ) edition.cnn.com time to read: +6 min

It’s been a typical fire season in California so far based on overall statistics. Josh Edelson/AFP/Getty ImagesTo have a fire like the Bridge Fire grow so rapidly without Santa Ana winds is “fairly significant and unusual,” Chavez remarked. In early June, abnormally dry conditions only existed in about 1% of California, according to the US Drought Monitor. Where peak fire danger could still be to comeFall marks a critical inflection point for fire season in California given typical weather conditions. Chavez is “always” concerned about what Santa Ana winds could unleash on the fire season in Southern California.

Persons: It’s, Tim Chavez, Chavez, Josh Edelson, ” Chavez, it’s what’s, Daniel Swain, Swain, ” Swain, Joshua Tree, “, David Swanson, ” Organizations: CNN, CAL FIRE, Getty, Santa Ana, University of California, US Drought Monitor, National Interagency Fire Center Locations: California, Northern California, San Diego, Santa Ana, Tehama County , California, AFP, Santa, Los Angeles, Southern California, Southern, Running Springs , California

☆ Richard Hays wrote the Christian case against same-sex marriage. Now he claims the Bible says differently
▼ + stars: | 2024-09-20 | by ( Ryan Struyk | ) edition.cnn.com time to read: +11 min

CNN —Almost three decades ago, Richard Hays, a United Methodist minister and the soon-to-be dean of Duke Divinity School, wrote what quickly became the go-to traditionalist Christian argument against same-sex marriage. Fuller Theological Seminary, where Christopher Hays is a professor, also demands agreement with a faith statement that opposes same-sex marriage. Even as support for same-sex marriage has plateaued in the last few years, recent surveys from Gallup find that more than one in five Gen Z Americans identify as LGBTQ, and nearly 90% of Americans under 30 years old support same-sex marriage. The reversal from Hays certainly will not settle the debate among Christians when it comes from same-sex marriage. But I hope it makes opponents of same-sex marriage at least pause and wonder — is there a faithful path forward that makes room for people like me?

Persons: Richard Hays, Hays, he’s, ”, ” Richard Hays, Christopher Hays, “, ” Hays, I’ve, —, ” Les Todd, hasn’t, Richard’s, ‘ I’m, ” Christopher, Paul, “ I’m, I’m, ” Ryan Struyk, Ryan Struyk, CNN Hays, Al Mohler, Robert Gagnon, Preston Sprinkle, “ It’s, Matthew Vines, CNN “, ” Fuller, “ Fuller, David Emmanuel Goatley, Doug McSchooler, Greg Johnson, Louis Organizations: CNN, United Methodist, Duke Divinity School, Duke University, Bible School, Fuller Theological Seminary, Southern Baptist Theological Seminary, Conservative, for Faith, Christian Reformed Church, Religion News Service, Southern Baptist Convention, SBC, Presbyterian Church, PCA, Gallup Locations: “, Grand Rapids , Michigan, Pasadena , California, North America, United States, Canada, Indianapolis, America

In the U.S. overall this year, a concerning, though not unprecedented, number of dengue, EEE and West Nile cases have been reported. “With climate change, we’re basically extending the mosquito season,” said Chantal Vogels, an assistant professor of epidemiology at the Yale School of Public Health. In the U.S., cases have outpaced those of West Nile virus, which is typically more prevalent. This year, Clark County, Nevada, has seen a particularly high number of West Nile cases: 23. “We consider New York state residents to be at risk for West Nile virus every summer,” she said.

Persons: Jennifer White, it’s, ”, ” Barbara Ferrer, Anthony Fauci, Chantal Vogels, Nirbhay Kumar, George Washington, “, Vogels, Nile, White, Thomas Jaenisch, ” White Organizations: Angeles County Department of Public Health, U.S, National Institute of Allergy, Yale School of Public Health, U.S ., Centers for Disease Control, George Washington University’s Milken Institute School of Public Health, World Health Organization, WHO, Southern, Southern Nevada Health, New York State Department of Health, Colorado School of Public Health, Gulf Locations: New York, U.S, California, Los Angeles County, EEE, West, New Hampshire, Vermont, Arizona , California, Florida, Hawaii, Texas, Puerto Rico, U.S . Virgin Islands, Los Angeles, West Nile, Clark County , Nevada, Southern Nevada, Massachusetts, New Jersey, Rhode Island , Vermont, Wisconsin, Gulf Coast

☆ When Bay Area rent got too expensive, I bought a house in the mountains. Living here is a dream, but I'm uncertain about the future.
▼ + stars: | 2024-09-19 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +7 min

I'm the cofounder and CEO of Santa Cruz Fungi. I live in Boulder Creek, California, and my business is headquartered in Santa Cruz. In May 2016, I bought a home for my husband, Paul Lazazzera, and me in Boulder Creek. We married the following year, and Paul started our business in 2021. I had to go over my budget and closed at $535,000 almost a year later on a 740-square-foot house set on half an acre in Boulder Creek.

Persons: —, Katie Sarna, It's, I've, Paul Lazazzera, Paul, Katie, I'd, Shroomsicles, Rida, There's, Lauryn Haas Organizations: Service, Santa Cruz Fungi, Business, lhaas Locations: Santa Cruz, Boulder Creek , California, San Francisco, Boulder Creek, Boulder, Paul, Katie Sarna Boulder, It's, New York City, Francisco

☆ Ukraine’s energy supply faces ‘sternest test yet’ as war grinds toward third winter
▼ + stars: | 2024-09-19 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

CNN —Ukraine’s electricity supply risks “severe disruptions” this winter, the International Energy Agency (IEA) has warned, urging Kyiv’s allies to help address the country’s energy security. Russia has repeatedly attacked Ukraine’s energy infrastructure with missiles and drones since its full-scale invasion in February 2022, but its bombardments have intensified recently, leaving the country in a precarious position as colder weather approaches. Ukraine has also attacked Russia’s energy infrastructure. In its report, the agency outlines 10 measures that Ukraine and its allies should implement to tackle risks to the country’s energy supply. She also noted that the EU had contributed at least €2 billion ($2.2 billion) toward Ukraine’s energy system since Russia’s full-scale invasion began.

Persons: Kyiv’s, Fatih Birol, Ukraine’s, Ursula von der Leyen Organizations: CNN, International Energy Agency, European Union, Work, EU Locations: Russia, Ukraine, Moscow, Denmark, Europe, Lithuania

☆ High home prices aren't 'something the Fed can really fix,' says Federal Reserve chair Jerome Powell
▼ + stars: | 2024-09-19 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

They received some relief on Wednesday when the Federal Reserve cut interest rates by 50 basis points, which will lower mortgage costs. Federal Reserve chair Jerome Powell said the "real issue" behind high prices in the U.S. housing market is a lack of supply, which isn't "something the Fed can really fix." With rates dropping, Powell also said that "more people are likely to start moving," which could boost home sales. Powell also said that shelter costs in the CPI tend to lag behind real-time prices, so the recent slowdown in home and rent prices prices isn't fully reflected yet. The best thing the Fed can do for U.S. households is get "inflation broadly down" and reduce the cost of borrowing by "normalizing" interest rates, Powell said.

Persons: Jerome Powell, There's, Powell's, Powell, it's Organizations: Federal Reserve, Federal, National Association of Realtors, Consumer, CNBC Locations: U.S

☆ The Federal Reserve just cut interest rates by 50 basis points—here's what will get cheaper
▼ + stars: | 2024-09-18 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

With inflation easing, the Federal Reserve announced a 50 basis point cut to its benchmark interest rate on Wednesday — the first reduction in borrowing costs since March 2020. While the current inflation rate of 2.5% is still below the Fed's 2% target, the central bank is confident that price growth is on a sustained downward path. Since high borrowing costs discourage business investment, it can lead to decreased hiring. "The upside risks to inflation have diminished," Federal Reserve Chair Jerome Powell said in a speech on Aug. 23. How much cheaper borrowing costs could be

Persons: Jerome Powell Organizations: Federal Reserve, Fed

The median house price in the U.S. is now 5.8 times more than the median annual income of $80,000. That was, after all, the median price for a house in the area at the time. Jonathan OchartThe median price of a home in Los Angeles county is just under $960,000, according to Zillow listings data. It's just not a level playing field," says Ochart about the income now needed to afford a home. In Grand Rapids, median home prices were on the rise before the pandemic and then soared 54% from 2020 to $285,000 in June 2024, according to Zillow sales data.

Persons: Kelcie Lesko, Tim Khalil, Lesko, Khalil, they'll, Gen Xers, What's, — there's, they're, Daryl Fairweather, Kelly Diehr, homebuyers, you'd, Diehr, Jonathan Ochart, Ochart, It's, Timothy Ham, Timothy Ham couldn't, Ham, you've, That's, boomer, it's, Lawrence Yun, Millennials, Ramit Sethi, Rich, Brad Klontz, homebuying Organizations: CNBC, Homes, LA, National Association of Realtors, NAR Locations: New Jersey, Monmouth County, North Brunswick, Lesko, homeownership, U.S, Denver, Brazil, Los Angeles and New York, San Antonio, Los Angeles, Antonio, Texas, LA, Boise , Idaho, Tacoma , Washington, Grand Rapids , Michigan, Grand Rapids, Kalamazoo

☆ We spent $900,000 to build a glass house. Airbnb guests love it, and it's a dream to live at one with the outdoors.
▼ + stars: | 2024-09-17 | by ( Dan Latu | ) www.businessinsider.com time to read: +10 min

This New Zealand home inspired Hawthorne to build a glass house in San Diego and another one in North Carolina. The design for the glass house had been on my mindHawthorne took some inspiration from Phillip Johnson's Glass House in Connecticut. It is somewhat based off Philip Johnson's Glass House, which has been one of my favorite architectural projects of all time. I planted a maple tree on our dock, which has become a destinationThe maple tree is watered by a Wi-Fi-operated irrigation system. We're renting out the glass house, but I dream of growing old thereWe drove the Airstream back to San Diego and came back here full-time in early August.

Persons: —, Andrew Hawthorne, Maya, Hawthorne, Andrew Hawthorne I'm, Andrew, Maya Hawthorne, let's, Phillip Johnson's, Philip Johnson's, Gaston, That's, I'm, I'd, it's, Lake Gaston, It's, We've, Andrew Hawthorne . Organizations: Service, Business, San, Lake Gaston, YouTube Locations: North Carolina, New Zealand, Hawke's, Zealand, San Diego, Park City , Utah, Lake Gaston, Raleigh, Connecticut, Zillow, Lake, NICU

☆ Prices are easing, but wages still lag—here's when they're likely to catch up
▼ + stars: | 2024-09-16 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Looking at a different measure, median real wages — wages adjusted for inflation — have barely budged, growing at just 0.8% over the last year, as of August 2024. With wage growth cooling, the gap between wages and inflation isn't expected to close until the second quarter of 2025, according to Bankrate's projections. Leisure and hospitality workers saw wage growth of 23.7%, which is above the overall average of 17.4%. In contrast, education workers have slipped further behind, with wage gains of only 13.6% over the past three years. The Fed is widely expected to announce its first interest rate cut in more than three years this week.

Persons: there's, Sarah Foster, Foster Organizations: U.S . Department of, Federal Reserve, Wage, CNBC

☆ I Joined New York City's Rat Czar to Fight the City's Rodent Invasion
▼ + stars: | 2024-09-15 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

In reality, the Rat Pack offers regular citizens a crash course in rodent mitigation in hopes of inspiring them to take more active roles in what often feels like an unwinnable battle. AdvertisementThose who join the Rat Pack must complete three activities: a "rat walk" that promises to "uncover the world of urban rats," a two-hour "rat academy" on rodent-prevention methods, and a service project, like a park cleanup. If you seek to understand this rat, Corradi told our group, "you can kind of just hold up a mirror and look at yourself." Related storiesCorradi, recognizable from various press appearances and her navy Rat Pack hat, is supposed to offer New Yorkers additional peace of mind. And yet I secured my precious Rat Pack merch by doing exactly that.

Persons: Andrew Barrett, He's, Barrett, Eric Adams, Kathleen Corradi, Brooklyn's Herbert Von King, wouldn't, Corradi, haven't, Adams, Michael Parsons, we've, doesn't, there's, We've, —, I'd, shrugged, You'll Organizations: NYC, Cub Scouts, Anadolu Agency, Washington DC, Anadolu Locations: Brooklyn, Yorkers, New York, New York City, Chicago, Brooklyn's Chinatown, West Harlem

☆ Christian McCaffrey to miss another game for the 49ers and could be headed to injured reserve
▼ + stars: | 2024-09-13 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

SANTA CLARA, Calif. — All-Pro running back Christian McCaffrey has been ruled out of this weekend’s game for the San Francisco 49ers because of his lingering calf and Achilles’ injuries and could be headed to injured reserve. McCaffrey was held out of practice on Friday, a day after experiencing pain in practice. He was then ruled out of the game Sunday against Minnesota after expressing hope earlier in the week that he could play. Addison had seven catches for 123 yards and two TDs in a win against San Francisco last season. In other injury news for San Francisco, defensive end Yetur Gross-Matos is set to play after missing the opener with a knee injury.

Persons: Christian McCaffrey, ’, McCaffrey, Kyle Shanahan, ” Shanahan, ” McCaffrey, “, John Lynch, it’s, It’s, Jordan Mason, Jordan Addison, Addison, Brian O’Neill, Harrison Smith, Ed Ingram, Yetur Gross, Matos, Dee Winters Organizations: San Francisco 49ers, Minnesota, Jets, NFL, Niners, New York Jets, Vikings, San Francisco, San Locations: SANTA CLARA, Calif, San Francisco’s, Minnesota, San Francisco

☆ Mortgage rates are dropping, but homes aren't expected to get cheaper—here's why
▼ + stars: | 2024-09-13 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

Mortgage rates are falling, but that doesn't guarantee homes will be more affordable in 2025. With more buyers competing for a limited number of homes, prices are likely to rise. Why lower mortgage rates could lead to higher home pricesWhile lower mortgage rates help out buyers, the larger force at play in the housing market is supply. "If mortgage rates drop below 6%, it's likely to increase demand for homes, which could push prices higher," in the next year, says Kent. Mortgage rates are expected to fall as home prices rise

Persons: Maggie Kent Organizations: National Association of Realtors, CORE Locations: New York, Kent

☆ Homebuyers have a fresh 'bargaining chip' to play, following new rules for how real estate agents are paid
▼ + stars: | 2024-09-11 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

A recent rule change shook up how real estate agents are paid, but it comes with an upside that could help buyers beat other offers on a home. As of Aug. 17, homebuyers must negotiate how much they pay their real estate agent before starting their home search, a shift from the decades-long practice where both buyer's and seller's agents were paid from the sale proceeds, typically splitting 5% to 6% of the price. With the rule change, buyer's agents can be paid a number of ways, including as a percentage of the home price or a set fee. They could also still be paid out by the seller if it's offered. But the change in policy also gives buyers an edge by allowing them to remove the seller's obligation to pay the agent's commission, potentially making their offer more competitive than other bids.

Persons: homebuyers, it's

☆ China's property market has 'not found a bottom' yet, Standard Chartered CEO Bill Winters says
▼ + stars: | 2024-09-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

watch nowChina's property market has still not found a bottom despite all the turmoil in the past year, according to Standard Chartered CEO Bill Winters. Speaking to CNBC's JP Ong, Winters described the investing environment in China as "difficult," explaining that consumer confidence and international investor confidence was relatively low. "We know that the underlying source of a lot of the confidence questions is the property market, and the property market has not yet completely bottomed out, so it's been a slow grind down," he added. The danger, he said, is that a property market bubble that bursts in other markets has usually portended a financial crisis, and that is normally accompanied with more significant falls in GDP. As such, he thinks that it will be a bit uncomfortable in the short term, but fiscally, "that's going to be a good thing."

Persons: Bill Winters, CNBC's JP Ong, Winters, it's, homebuyers Organizations: Bank of America Locations: China, Beijing

☆ How much money you need to be financially comfortable in 12 major U.S. cities
▼ + stars: | 2024-08-23 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

The phrase "financially comfortable" doesn't have a strict definition. In San Francisco, the net worth you'd need to feel "comfortable" is $1.5 million, according to a survey sample of 750 residents in that city — the highest amount cited among 12 major U.S. cities surveyed. Much of the difference in net worth thresholds between cities is due to shelter costs, especially in cities with severe housing shortages, like San Francisco, Los Angeles and New York City. While feeling "financially comfortable" is a subjective term, the survey makes a distinction between that and feeling "wealthy." For cities, it ranges from $4.4 million in San Francisco to $2.2 million in Dallas.

Persons: Charles Schwab's, that's Organizations: Wealth Survey, Boston, Denver, Seattle, Atlanta, Dallas, Houston, Phoenix, CNBC Locations: San Francisco, U.S, Franciscans, Francisco, California, Los Angeles, San Diego, York City, Washington, Chicago, San Francisco , Los Angeles and New York City, Dallas

☆ A peak boomer fears she can't retire with $2,000 Social Security payments — and may have to move in with her sons
▼ + stars: | 2024-08-13 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Even though her two sons have moved out, she struggles to secure enough to pay her bills and save for the future. She fears that even when she receives about $2,000 a month in Social Security payments in six years, it will not be nearly enough. Related stories"My career path has finally gotten to be decent pay, but it's not great, and I'm still single," Davenport said. Between child support and an increase in work income, her income ended up slightly above the housing assistance cutoff when her kids were growing up. AdvertisementPreparing for the futureDavenport plans to wait until she's 67 to claim her Social Security benefits, which she anticipates will be about $2,000.

Persons: Becky Davenport, —, Davenport, I'm, it's, she's, hasn't, doesn't, spender, we've, She's, wouldn't Organizations: Service, Business, Social, Alaska Permanent Fund, Security Locations: Alaska, Chugiak, Anchorage, East Coast, New Jersey , Pennsylvania, Kentucky

☆ A boomer lives on $1,601 monthly from Social Security and struggles to pay bills. She plans to wait a few more years until she touches her 401(k).
▼ + stars: | 2024-08-11 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

AdvertisementMaureen now lives on $1,601 monthly Social Security payments in northeast Pennsylvania, according to bank documents viewed by BI. For others, fixed Social Security incomes aren't enough to afford basic necessities. Over half of baby boomers have $250,000 or less in retirement assets, per a 2024 report from the Retirement Income Institute . AdvertisementHer husband's Social Security money primarily went to her daughters when they were young, she said, but she recently learned his employer is closing their pension system. With $1,601 monthly Social Security as her only source of reliable income, Maureen is on a tight budget.

Persons: —, Maureen, Patricia Polacco's, Maureen —, hasn't, she's, doesn't Organizations: Service, Business, Catholic, Social, BI, Northwestern Mutual, Income, Social Security, SNAP Locations: Pennsylvania

☆ You can still buy a home on a $75,000 salary in these 11 major U.S. cities
▼ + stars: | 2024-08-09 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

Home affordability is particularly bad in many of the largest U.S. cities, but there are still some relative bargains to be found for urban homebuyers on a tighter budget. Of the 50 largest cities, 11 are considered affordable for households earning a U.S. median annual income of $74,580, according to an analysis by mortgage analytics firm HSH. DON'T MISS: Achieve Financial Wellness: Be Happier, Wealthier & More Financially SecureHomes in these 11 major cities all offer median prices below $300,000 — much less than the national median of $412,300, according to U.S. Census data. The trade-off is that these places may offer fewer high-paying job opportunities due to more modest local economies. Here's a look at the 11 major U.S. cities where households earning $75,000 can still afford a home, according to HSH.

Organizations: Homes, & $ Locations: Cleveland, U.S, Detroit

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