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Hard-to-afford homes cluster near strong job markets
Washington DC report finds areas with the strongest job markets show the costliest homes while affordable regions lack middle class jobs. College grads and families move to coastal cities like New York San Francisco and Seattle where incomes are high but home prices are prohibitive. Experts warn the mismatch slows US growth as tighter credit and high down payments block first time buyers despite stable incomes.
MENTIONED IN THIS ARTICLE
Washington
D.C
New York
San Francisco
Seattle
Nela Richardson
Redfin
Connecticut
Colorado
Washington, D.C
Census Bureau
Midwest
Akron
Ohio
Say
Fort Wayne
Indiana
U.S
Jed Kolko
Trulia