Median priced homes not affordable in 74% of US housing marketsHomeMarket Update by Steve Randall28 Jun 2019
America's housing market is booming with home prices nationwide now back to where they were a decade ago, just before the financial crisis
Average wage earners cannot afford a median priced home in 74% of 480 counties across the US.
The analysis of home affordability in the second quarter of 2019 by ATTOM Data Solutions shows that things are worsening in 40% of markets where median home prices are growing faster than wages.
"Despite falling mortgage rates and rising wages, the cost of owning the typical home remains out of reach or a significant financial stretch for the nation's average…