Real Estate

How much you need to earn to buy a house in every major city

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For those who can afford it, the coronavirus crisis has caused a home-buying frenzy.

In the last year, 1 in 20 adults moved, either permanently or temporarily, from where they were living due to the Covid outbreak, according to a recent report by the Pew Research Center.

Not everyone is heading from the city to the suburbs, however. In the New York metro area, for example, 3 of the 5 most popular places to relocate to from Manhattan were less than 15 miles away, according to a separate analysis of data from the U.S. Postal Service by Bankrate.com.

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Source cnbc.com

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