Please wait as we prepare your PDF file ....

Mission Chronicle Blog

Search Blog

our goal is to help you stay informed by providing timely and interesting articles.

Want a wedding and a home in 1 year? Then move to this city

06/12/2019

Download PDF

In some cities, fiancés do not have to have the age-old fight about whether to have a fancy wedding or make a down payment on a home.

People who live in Cleveland, Detroit and Pittsburgh will be able to do both, according to a new report from Redfin.

According to the study, the average combined cost of a wedding and a down payment is less than $65,000 in all three cities — a steep drop from the national average of more than $109,000.

In Cleveland, that number comes down to a median home that costs $169,900, an average wedding cost of $22,000 and a 20 percent down payment of $55,980. In Detroit, the median house costs $139,000 while the average wedding and down payment cost $29,000 and $56,980, respectively. An average Pittsburgh wedding costs $27,000 while a median house goes for $189,900 with a $64,980 down payment.

Courtesy of Redfin

Unsurprisingly, the most expensive city in which to get married is by far San Francisco. A typical wedding and down payment there adds up to $325,000. Los Angeles and New York come in second and third but nowhere near the Bay Area price at $168,000 and $158,000, respectively.

Can your brokerage be tech-savvy or customer-centric? The answer is both. How the right platform can help your agents win hearts and minds READ MORE

Redfin determined the numbers by calculating a 20 percent down payment on the median listing price in 25 of the country’s biggest cities. Average costs of a wedding come from WeddingWire, which pegged the nationwide average price of a ceremony, reception, engagement ring and honeymoon at $38,700 in 2018.

Email Veronika Bondarenko

How do you stay ahead in a changing market? Inman Connect Las Vegas — featuring 250+ experts from across the industry sharing insight and tactics to navigate threat and seize opportunity in tomorrow’s real estate market. Join more than 4,000 top producers, brokers and industry leaders to network and discover what’s next, July 23-26 at the Aria Resort. Hurry! Tickets are going fast, register today!

Thinking of bringing your team? There are special onsite perks and discounts when you buy tickets together. Contact us to find out more.

Source: click here

Read More

INSPIRED, INTELLIGENT, INSIGHTFULL

STAY INFORMED WITH TIMELY AND INTERESTING ARTICLES FROM OUR BLOG, MISSION CHRONICLE. OUR ASPIRATION IS TO PROVIDE REALTORS AND OTHER REAL ESTATE INDUSTRY PROFESSIONALS WITH EXCEPTIONAL RESOURCES AND SHARE OUR KNOWLEDGE TO PROPEL YOU TO YOUR GOALS.

  • Mission Chronicle Newsletter July 24, 2023

    Mortgage rates continued to press downward last week after the previous week's CPI data pointed to e...

  • Mission Chronicle Newsletter Feb 20, 2023

    Despite the recent downward trend in mortgage rates and hopes that the Fed was nearing the end of it...

  • Mission Chronicle Newsletter Feb 6, 2023

    The Federal Reserve meeting ended as market participants expected, with a quarter-point increase and...

  • Mission Chronicle Newsletter Dec 26, 2022

    Mortgage rates held relatively steady last week as most economic news came in better than expected.C...

  • Mission Chronicle Newsletter Dec 12, 2022

    Rates managed to move slightly downward last week as recession fears grew amid hopes that the Fedis ...

  • Mission Chronicle Newsletter Dec 5th 2022

    Mission Chronicle Newsletter Dec 5th 2022. Platforms: Browser, mobile-responsiveIdeal for: Leasing a...

  • Inman Review: Tenants and leasing teams get better connected with RentTango

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Tech Review: Smart Alto puts people first in its innovative lead qualification solution

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Refreshed and nurture-savvy, Market Leader’s CRM deserves your attention

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • The top 4 tips to improve your negotiation skills

    In today’s luxury real estate market, strong negotiation skills are an asset—you might even say ...

October 2024
Mon Tue Wed Thu Fri Sat Sun
 123456
78910111213
14151617181920
21222324252627
28293031  

  • Polls

    What information you are looking for?

    View Results

    Loading ... Loading ...
  • Last month Results

    How Is My Site?

    • Good (100%, 3 Votes)
    • Excellent (0%, 0 Votes)
    • Bad (0%, 0 Votes)
    • Can Be Improved (0%, 0 Votes)
    • No Comments (0%, 0 Votes)

    Total Voters: 3

    Vote

    Loading ... Loading ...