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Housing Affordability Melts as Market Heats Up for Summer
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NAR’s data saw the qualifying income needed to buy a home increase by 3.3% to $108,192 in May (based on a 25% qualifying ratio for monthly housing expense to gross monthly income with a 20% down payment). This is the highest qualifying income reported since July 2024’s $108,384...
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Whether you’re brand new to real estate or just hitting the reset button on your business, there’s one thing I’ll tell you: If you want listings, referrals and a pipeline at doesn’t ghost you—build your sphere of influence. And no, I’m not talking about cold-calling strangers from the phone book like it’s 1987...
