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Wednesday, February 06, 2019

Nearly half of all Houston-area homebuyers in 2017 had annual income of more than $100,000 - HoustonChronicle.com

Nearly half of all Houston-area homebuyers in 2017 had annual income of more than $100,000 - HoustonChronicle.com: Nearly half of all Houston-area homebuyers in 2017 had annual income of more than $100,000, according to Zillow.

The 47 percent of buyers making more than $100,000 in 2017 was up from 43 percent in 2012.

The increase is a sign of how quickly home price appreciation has outpaced income growth. Home prices nationally rose 50 percent over the past seven years, according to a Zillow analysis, while incomes rose just 11.3 percent between 2012 and 2017, the last year for which data were available.