RealtyTrac: Buying a home is unaffordable in 18% of counties

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RealtyTrac’s numbers show that cash deals were 42% of all U.S. house sales in December, up from 38% in November, and up from 18% in December 2012. housing affordability will worsen in 2014 and home.

RealtyTrac’s Blomquist noted in November 2014 that for a household with the estimated median U.S. income in 2014 of $54,417 it could take more than 12 years to save up for a 20% down payment for a home priced at the median value at a typical annual savings rate of 5.6%, but it could take less than two years to save for a 3% down payment.

How long before these areas become unaffordable. to spend 40% of their wages to buy a home, and now that’s dipped to 33% – still a high number. Overall, more American markets are trending toward.

First-time homebuyers often claim coming up with the down payment is the main obstacle to buying a home. bigger obstacle to home ownership. Real estate data firm RealtyTrac recently analyzed.

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RealtyTrac: Buying a home is unaffordable in 18% of counties RealtyTrac: Home prices outpacing wage growth in 76% of U.S. Roughly two-thirds of Californians can’t afford to buy a home Family flees dream home because it used to be a meth house Yusra Mardini used to be a typical teenager. three turning into four – home morphed into hell as her country was torn apart.

One in five U.S. housing markets are now less affordable than they were more than a decade ago, according to a recent study, and Brooklyn is the the most unaffordable. Of all the counties analyzed.

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However, student loans still represent a significant handicap for recent graduates in terms of the minimum income needed to buy a median priced home. %), Massachusetts (18%) and Wyoming (19%)..

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