As housing affordability Opens a New Window. remains a major concern for Americans, a recent analysis determined America’s least affordable housing markets.
24/7 Wall Street Opens a New Window. analyzed ATTOM Data Solutions’ Q1 2019 U.S. Home Affordability Report Opens a New Window. and found the 25 areas where the housing market was not affordable. Affordability was determined by matching the average home prices in the area to median annual wages.
The median home price in the U.S. recently hit a record high, exceeding $300,000.
ATTOM Data Solutions analyzed figures from the U.S. Bureau of Labor Statistics and home prices collected from the company itself for the report. The report found median home prices in Q1 2019 “were not affordable for average wage earners in 335 of 473 U.S. counties analyzed in the report.”
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