DID YOU KNOW? Miami ranked as the most rent-burdened city in the U.S., according to a recent Freddie Mac report. The median renter in Miami spends 41% of pre-tax income on rent, the report found. Miami-Dade is spending $10 billion on major sewer and water improvements, the largest in the county's history. (Bloomberg)
DID YOU KNOW? In Midland, Texas, the current median price of $261,100 is 75% above its May 2008 peak price of $149,300.
"Superstar Cities Will Always Carry Some Sort of Premium."
- Lawrence Yun, Chief Economist, NAR
DID YOU KNOW? While the nation’s median home sale price rose about 4% year over year in January 2019, the principal-and-interest mortgage payment on that median-priced home increased almost 11% because mortgage rates rose by half a percentage point over that period. However, rates continued to ease after January this year and some mortgage rate and home price forecasts suggest payments will rise at a much slower pace through 2019, which should help fuel sales. (Corelogic)
DID YOU KNOW? The American Lung Association warns that almost 50% of Americans — around 141 million people — are inhaling unsafe air, according to its 2019 State of the Air report, an increase of more than 7.2 million people from 2018, with 8 cities reporting their highest number of days with dangerous ozone and particular pollution level spikes since air quality was first measured 20 years ago. They were:
- Fairbanks, Alaska
- Salinas, Calif.
- Santa Maria-Santa Barbara, Calif.
- Missoula, Mont.
- Bismarck, N.D.
- Bend-Pineville, Ore.
- Spokane-Spokane Valley-Coeur d’Alene, Wash.-Idaho
- Yakima, Wash.