Word: median
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Their hand-to-mouth existence is not uncommon in Cambridge, despite the last Census estimate that the city’s median family income is nearly $60,000 a year...
...cities, Cambridge experienced the fastest growth in real estate prices from 1980 to 2000, according to Professor of Economics Edward L. Glaeser. The median price of a home in Cambridge—adjusted for inflation—increased 183 percent during that period. And the problem of skyrocketing housing costs exists throughout the Greater Boston area...
...real estate agents tell us that in the long run, owning a home makes the most financial sense. But today, with so many rushing to own, the math often works out in favor of renting. In Boston, as prices have jumped since 2000, the monthly mortgage payment for a median-price house has risen 23%, to $2,079, according to Torto Wheaton Research. (That assumes a 30-year fixed rate with 10% down.) Meanwhile, the average apartment rent has edged lower...
...house has always reflected its occupants' place in society. But now it also determines their place in society. The boom has divided haves from have-nots-- owners from renters, hot markets from cold. The median U.S. home price jumped in April to $206,000, up a stunning 15% over the past year and 55% over the past five years, according to the National Association of Realtors. The fact that houses are bought for pennies on the dollar magnifies the windfall. Say you put down 20% on a $150,000 house five years ago. At the average gain of 55%, that...
...Median sale price of existing U.S. homes in April, up 15% from the same month...