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Here’s The Salary You Need To Afford A Home In 22 U.S. Cities

Saving for a home is challenging, but it’s even tougher when a local market is stacked against you.

For example, assuming you make San Francisco’s median income and can pay a 10 percent down payment, just one percent of homes in San Francisco are affordable for you. That’s according to the new Home Affordability Report released by home financing company Unison, which analyzes the cost of buying a home in 22 major U.S. cities.

Though some of the results of the report are disheartening, there are some brighter spots: The majority of homes in Phoenix, for example, read more >>>

Source : HuffingtonPost.Com

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