You’ll Need More Income for Your Down Payment in Raleigh-Cary

The median income required for a down payment in Raleigh-Cary is higher than the nation’s median income, according to the 2016 first quarter data from the National Association of Realtors.  For Raleigh-Cary, the median income needed for a 5% down payment is $51,291;  $48,591 for a 10% down payment; and $43,192 for a 20% down-payment.  Nationally, the median incomes are all below $50,000.  To read the full article, click here: http://www.bizjournals.com/triangle/news/2016/06/14/buying-a-home-in-raleigh-youll-need-more-income.html