Trulia: Home affordability slips for middle class

As in our inaugural middle-class affordability report, we calculated the share of for-sale homes on Trulia that are affordable to a middle-class household, based on whether the total monthly payment — mortgage, insurance, and property taxes — was less than 31% of the metro area’s median household income.

San Francisco is the Least Affordable City for the Middle Class – but also doctors and engineers cannot afford to buy a home in San Francisco, it may not come as a surprise that the city has been ranked the nation’s least affordable for the middle class in a new.

But many corporate owners, keen to make a profit, now aim at a more middle-class clientele looking. out those who can no longer afford to live there," he said. In Florida, Watson estimated,

Trulia: Home affordability slips for middle class. Home affordability continues to challenge first-time, young and middle-class buyers, with some of the warmer climes generally making for the hottest – and least affordable – housing markets. But good news if you like the cold – the most affordable markets are near the Great Lakes.

Stocks in Asia set to slip. this as "middle-class" buyers. "Homeownership is increasingly out of reach for the typical American," said Redfin’s chief economist, Daryl Fairweather. "Over the last.

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The 10 best cities for middle-class people to buy a house. chief economist at Trulia, which showed that only 59% of homes for sale in America are affordable for the middle class. That’s down.

Thanks to low mortgage rates, housing affordability among the middle class is strong, but affordability depends on the market. trulia chief economist Jed Kolko joins MoneyBeat to break down the numbers and explain why some markets are still out of reach.

Only about 19 percent of the homes for sale in Bergen County are within reach of the average middle-class family, a recent survey shows, while in Salem County, the number skyrockets to 92 percent.

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