The housing market may be cooling off, but that hasn’t eased the housing affordability challenges that resulted from years of soaring home values and a lack of inventory.
A new analysis by The Business Journals of data from Zillow Group Inc. (Nasdaq: ZG) and Bankrate LLC of more than 25,000 ZIP codes found it takes a minimum household income of at least $100,000 to afford a median-priced home in 27.6% of the ZIP codes analyzed. To put that into perspective, the median household income in the U.S.…
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