Sunday, June 14, 2015

There are 13 U.S. cities where millennials can't afford to buy a house


There's no place like home — except when you can't afford one.

Millennials have been priced out of some of the biggest U.S. cities, with residential real estate prices rising even as wage growth remains elusive

Bloomberg used data from the U.S. Census Bureau, Zillow Group Inc. and to quantify how much more money millennials would need to earn each year to afford a home in the largest U.S. cities. The good news is that out of 50 metropolitan areas, 37 are actually affordable for the typical 18-34 year-old (scroll down to the end of the story to see the full results). Read more...

More about Real Estate, Housing Market, Home, U.S., and Millennials

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