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NV’s most common jobs rarely pay enough to pay the rent, UNLV research shows

The findings, which uses information from the National Housing Conference’s Paycheck to Paycheck database and the Bureau of Labor Statistics, identified the ten most common professions in the Las Vegas metropolitan area, which totalled 24.7% of the area’s 918,670 workers, and in the Reno-Sparks area, where the ten most common occupations totaled 23.9% of 225,650 workers.

Report: Rising home prices lock out more than a quarter of Nevada workforce

A National Housing Conference affordable housing estimate places the annual income needed to afford the mortgage of a median-valued home with a 10 percent down payment in the Reno metro area at about $121,890. For a median-valued home mortgage with a 3 percent down payment in the area, the annual income necessary increases by slightly more than $7,000, as a smaller down payment typically triggers higher recurring monthly costs.

With landmark GSE equity plans, FHFA confronts legacy of redlining

“Fannie Mae and Freddie Mac as successor organizations to the Federal National Mortgage Association have a historic responsibility for redlining,” said Dworkin. “And they can fulfill that responsibility to right past wrongs, that is part of the spirit of [the Equal Credit Opportunity Act], without unrealistically expecting modern banks to volunteer mea culpas.”

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