10 Best Cities to Sell a House in 2021
10 Best Cities to Sell a House in 2021
It s a seller s market here home values are rising and properties sell quickly.
This story originally appeared on SmartAsset.com.
Deciding to leave the home you own might be difficult given the precious memories you’ve made within its walls. But the process of selling it can be downright taxing, especially when the real estate market is unpredictable. Your asking price, mortgage rates and other factors will determine how hard this process will be. Location, however, is arguably one of the most important factors. With that in mind, SmartAsset crunched the numbers and identified the best cities to sell a house.
The Income Needed to Afford Home Payments in 15 Cities
The Income Needed to Afford Home Payments in 15 Cities
Here s a look at how much income you need each year to own a home in the country s largest cities.
This story originally appeared on SmartAsset.com.
Housing costs eat up more of the average American’s salary each month than any other single expense, reaching about one-third of average expenditures in 2019, according to data from the U.S. Bureau of Labor Statistics. And while homeownership is coded into the DNA of the American dream, buying a home isn’t easy for many. Car payments, student loans, credit card bills and other debts can make it difficult to qualify for a home loan and keep up with mortgage payments. That’s why SmartAsset analyzed data from the 15 biggest U.S. cities to estimate how much money you will need to make and not exceed the recommended 36% debt-to-income ratio to afford monthly home payments.
The 15 Best Cities for Working From Home
The 15 Best Cities for Working From Home
These places tend to be affordable and have healthy, well-education populations.
This story originally appeared on RetailMeNot.
While the COVID-19 pandemic has been devastating for many businesses and workers, it has led to greater flexibility for workers in some industries.
Employees at major tech companies, including Twitter and Google, for example, granted extended opportunities to work from home, sometimes permanently. These changes have afforded many people the ability to work and live where they want, rather than being bound to large cities where their employers have offices.
Where Retirees Rely Most on Social Security in 2021
In some of these cities, Social Security makes up half of seniors income, on average.
This story originally appeared on SmartAsset.com.
Social Security is a financial safety net for millions of retired Americans. Founded in the aftermath of the Great Depression, this social insurance program was designed to pay out monthly income for workers after they reach full retirement age.
But for most people today, the money provided by Social Security is not enough to live on during retirement. More than 64 million beneficiaries will see an increase of 1.3% in 2021, which translates to a modest raise of $20 a month. This means that average benefits total just $1,543 per month, compelling many Americans to supplement that income with pensions, 401(k) plans and other retirement savings programs.
15 States With the Largest Homeless Populations
Some of the states with the highest rates of homelessness might surprise you.
This story originally appeared on Porch.
On any given night during the cold month of January, over 568,000 people experience the fear and discomfort of homelessness.
While homelessness rates fell between 2007 and 2019, the problem has started to increase again. According to the U.S. Department of Housing and Urban Development, in 2017, the U.S. began seeing a rise in homelessness year over year for the first time since the most devastating part of the housing crisis in 2010.
Homelessness also has a disproportionate effect across the nation. California, for example, saw a substantial 16% increase in 2019 over 2018. Cities also seem to struggle the most with a lack of housing for the most vulnerable. More than half of all homeless people (53%) are in the 50 largest U.S. cities.