Middle-Class Homebuyers Finding Fewer Affordable Homes

 

Middle-class homebuyers are finding fewer homes on the market that they can afford. In 14 of the top 100 metropolitan regions, more than half of the for-sale homes this month were out of reach for middle-class buyers, data from real estate tracker Trulia show. A year ago, that was true in just eight of the leading metro areas. Rising prices, higher interest rates, flat incomes and fewer foreclosed homes for sale are combining to limit choices for the middle class.

 

 

 

 

 

 

 

 

Posted on November 14, 2013 at 7:45 am
MJ Steen | Category: Uncategorized | Tagged , , , , , ,

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