Homeownership increasingly difficult for average Americans, report states

Screen Shot 2016-03-24 at 8.32.21 AMPhoenix price growth outstrips wages

Reuters

Home prices are rising faster than wages in most of the United States, making homeownership increasingly difficult for average Americans in some of the most populous areas of the country, according to a report released on Thursday.

The report found that home price growth exceeded wage growth in nearly two thirds of the nation’s housing markets so far this year, with urban centers like San Francisco and New York City among the least affordable.

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