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Report: Minimum Wage Earners Unable to Afford 1-Bedroom Apartment Rent in Nation’s Major Metros

Report: Minimum Wage Earners Unable to Afford 1-Bedroom Apartment Rent in Nation’s Major Metros

by Phil Hall | Jul 15, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

None of the nation’s 50 major metro areas are affordable for minimum wage earners seeking to rent a one-bedroom apartment. A new report by Best Interest Financial and Clever Real Estate measured affordability with the metric that a household should spend no more than...
Buyers Paying More in Mortgage Interest Than Their Home Costs

Buyers Paying More in Mortgage Interest Than Their Home Costs

by Phil Hall | Jun 10, 2026 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A buyer who purchases the median-priced home today with 20% down will pay $413,700 in interest over a 30-year mortgage at the current 6.53% rate, according to a data report from Best Interest Financial and Clever Real Estate. However, that sum is $10,500 more than the...

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