[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fzowh9gpk45lt":3,"$ffeh0925h8cuz":43,"$fbwk2pqjjqsc7":47},{"item":4,"previous":31,"next":37},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},387,"the-cost-of-waiting-to-buy-a-home","The Cost of Waiting to Buy a Home","The \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR) recently released their July edition of the \u003Ca href=\"http:\u002F\u002Fwww.realtor.org\u002Ftopics\u002Fhousing-affordability-index#sf12987397\">Housing Affordability Index\u003C\u002Fa>. The index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data.\r\n\r\n","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2015\u002F09\u002F01162125\u002FCost-Of-Waiting.jpg","The \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR) recently released their July edition of the \u003Ca href=\"http:\u002F\u002Fwww.realtor.org\u002Ftopics\u002Fhousing-affordability-index#sf12987397\">Housing Affordability Index\u003C\u002Fa>. The index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data.\r\n\r\n\u003C!--more-->\r\n\r\nNAR looks at the monthly mortgage payment (principal & interest) which is determined by the median sales price and mortgage interest rate at the time. With that information, NAR calculates the income necessary for a family to qualify for that mortgage amount (\u003Cem>based on a 25% qualifying ratio for monthly housing expense to gross monthly income and a 20% down payment\u003C\u002Fem>).\r\n\u003Ch4>Here is a graph of the income needed to buy a median priced home in the country over the last several years:\u003C\u002Fh4>\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F09\u002FQualifying-income.jpg\">\u003Cimg class=\"alignnone wp-image-31854\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F09\u002FQualifying-income.jpg\" alt=\"Qualifying Income | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch4>And the income requirement has accelerated even more dramatically this year as prices have risen:\u003C\u002Fh4>\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F09\u002FQualifications.2.jpg\">\u003Cimg class=\"alignnone wp-image-31855\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F09\u002FQualifications.2.jpg\" alt=\"Qualifications | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nSome buyers may be waiting to save up a \u003Ca href=\"\u002F2015\u002F08\u002F26\u002Fshould-i-wait-to-put-down-a-bigger-down-payment\u002F\">larger down payment\u003C\u002Fa>. Others may be waiting for a promotion and more money. Just realize that, while you are waiting, the requirements are also changing.","\r\nSome buyers may be waiting to save up a \u003Ca href=\"\u002F2015\u002F08\u002F26\u002Fshould-i-wait-to-put-down-a-bigger-down-payment\u002F\">larger down payment\u003C\u002Fa>. Others may be waiting for a promotion and more money. Just realize that, while you are waiting, the requirements are also changing.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F09\u002FQualifying-income.jpg",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},9,"Home Prices","home-prices",{"id":26,"name":27,"slug":28},35,"Mortgage Rates","mortgage-rates","2015-09-16T10:00:30Z","2015-09-15T17:58:35Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},386,"why-you-should-stop-renting-buy-today","Why You Should Stop Renting & Buy Today!","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2015\u002F09\u002F01162127\u002FBuy-Today.jpg","2015-09-15T10:00:12Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},388,"fannie-mae-introduces-home-purchase-sentiment-index","Fannie Mae Introduces Home Purchase Sentiment Index","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2015\u002F09\u002F01162121\u002FConsumer.jpg","2015-09-17T10:00:14Z",{"cover":44,"open":45,"shareSpread":46},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[48,52,53,57,61,65,66,70,74,75,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155],{"id":49,"name":50,"slug":51},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":54,"name":55,"slug":56},6,"For Sellers","sellers",{"id":58,"name":59,"slug":60},7,"Foreclosures","foreclosures",{"id":62,"name":63,"slug":64},8,"Infographics","infographics",{"id":22,"name":23,"slug":24},{"id":67,"name":68,"slug":69},11,"First-Time Buyers","first-time-buyers",{"id":71,"name":72,"slug":73},34,"Senior Market","senior-market",{"id":26,"name":27,"slug":28},{"id":76,"name":77,"slug":78},38,"Move-Up","move-up",{"id":80,"name":81,"slug":82},41,"For Sale by Owner","for-sale-by-owner",{"id":84,"name":85,"slug":86},42,"Featured","featured",{"id":88,"name":89,"slug":90},45,"New Construction","new-construction",{"id":92,"name":93,"slug":94},52,"Luxury \u002F Vacation","luxury--vacation",{"id":96,"name":97,"slug":98},53,"Rent vs. Buy","rent-vs-buy",{"id":100,"name":101,"slug":102},80,"Time-sensitive","time-sensitive",{"id":104,"name":105,"slug":106},81,"Outdated","outdated",{"id":108,"name":109,"slug":110},147,"Internal","internal",{"id":112,"name":113,"slug":114},148,"Do Not Autopost","do-not-autopost",{"id":116,"name":117,"slug":118},320,"Inventory","inventory",{"id":120,"name":121,"slug":122},321,"Agent Value","agent-value",{"id":124,"name":125,"slug":126},322,"Affordability","affordability",{"id":128,"name":129,"slug":130},323,"Buying Tips","buying-tips",{"id":132,"name":133,"slug":134},324,"Downsize","downsize",{"id":136,"name":137,"slug":138},325,"Economy","economy",{"id":140,"name":141,"slug":142},326,"Equity","equity",{"id":144,"name":145,"slug":146},327,"Forecasts","forecasts",{"id":148,"name":149,"slug":150},328,"Selling Tips","selling-tips",{"id":152,"name":153,"slug":154},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":156,"name":157,"slug":158},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]