How Unaffordable Is That House In The Listings
Pretty unaffordable.
Seattle-based Zillow reports that more than half of homes on the market in seven cities including Portland are beyond the reach of residents earning the median salary.
Nationwide, just over one-third of homes listed for sale are beyond the reach of those with median-level incomes.
The most unaffordable cities were Miami (62.4 percent), Los Angeles (57.2 percent), San Diego (55.3 percent), San Francisco (55.2 percent),Denver (52.8 percent), San Jose (50.9 percent) and Portland (50.3 percent).
In Zillow’s hometown, 37 percent of homes are considered unaffordable.
