Affording a comfortable mortgage in North Texas can be a feasible option if buyers do their research and plan carefully.
Out of the five biggest metropolitan areas in the country, Dallas has the third highest income level. Los Angeles and New York have higher income levels of $279,250 and $213,615, respectively. Meanwhile, Chicago and Houston have lower income levels than Dallas, among the largest metro areas in the country, with $104,757 and $95,374, respectively.
The key to improving long-term affordability is building more homes despite the short-term relief from eased mortgage rates.
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