Big city housing often unaffordable

November 14, 2014

A middle-income family will find it hard to afford the median-priced home in just over half of the country’s 25 largest cities, Interest.com reports.

 

The finding was based on the website’s 2014 Home Affordability Study, an annual look at how the cost of buying a home stacks up against income and expenses in the nation’s metropolitan areas. Across the country, home prices were up just 4 percent, while in the 25 biggest cities they climbed 6 percent.

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