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Monday, July 01, 2019

74% Of US Housing Market Unaffordable For Average American

ATTOM Data Solutions published its 2Q19 US Home Affordability Report, which reveals median home prices last quarter weren't affordable for the average American in 74% (353 of 480 counties) of the counties analyzed.

The most unaffordable counties, the reported noted, were in Los Angeles County, California; Cook County (Chicago), Illinois; Maricopa County (Phoenix), Arizona; San Diego County, California; and Orange County, California.
"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 wage earners," said Todd Teta, chief product office with ATTOM.
House price appreciation outpaced weekly wage growth in 40%, or 192 of the 480 counties, including Maricopa County (Phoenix), Arizona; Riverside County, California; San Bernardino County (Riverside), California; Tarrant County (Dallas-Fort Worth), Texas; and Wayne County (Detroit), Michigan.

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2 comments:

  1. AnonymousJuly 1, 2019 at 9:04 PM

    Because they live in a rental shithole that is too expensive - while driving an overpriced car with bling add-ons and watching a 60" TV!

    ReplyDelete
  2. AnonymousJuly 2, 2019 at 4:30 AM

    what is an average American? Documented,undocumented living on government substitutes while her husband works full time and the family drives around town all day shopping at walmart,going to the doctor and dentist on the tax payer dime. this government is not for americans

    ReplyDelete

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