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

 · Irvine, Calif. – RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its May 2009 U.S. Foreclosure Market Report, which shows foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 321,480 U.S. properties during the month, a decrease of 6 percent from the previous month but an.

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Residences in Manhattan and San Francisco are still pricier, but according to RealtyTrac. We looked at 417 counties across the country and the average is 35 percent of income to buy a medium-priced.

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Over the past five years, home sales in flood-prone areas grew about 25 percent less quickly than in counties that do not typically flood, according to Attom Data Solutions, the parent company of.

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

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Since people buy. coast counties saw rentals rising sharply as sales fell just as sharply. Owners also began choosing to rent out homes rather than sell them at a loss because losses on a primary.

Housing affordability in the Bay Area fell sharply in the second quarter, as record home prices and rising mortgage rates more than offset rising incomes. In the Bay Area, only 18 percent of.

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Think housing is unaffordable? It’s only getting worse, RealtyTrac says. Home price growth outpaced wage growth in most counties, RealtyTrac said. And the problem is getting worse: the number.

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Irvine, Calif. – RealtyTrac (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its May 2009 U.S. Foreclosure Market Report, which shows foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 321,480 U.S. properties during the month, a decrease of 6 percent from the previous month but an.