Affordable homes were mostly centered in inland areas of the U.S., such as Illinois, Michigan, Indiana, as well as other Midwestern states.
Affordability was also found to be highest in parts of Nevada, Utah, and Wyoming. Fifty-four percent of for-sale listings of existing homes are within reach for a median-income household in
the U.S., according to a new analysis. "So
far this year we are hearing from home shoppers that finding a home
that meets their needs or budget is the biggest impediment to buying," says Jonathan Smoke, chief economist. "The good news from this data is that more than half of the listings nationwide are by definition affordable. More good news today, Mortgage Rates Stay Low Heading Into Spring, read more.
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