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Trulia: Home affordability slips for middle class

Even as the overall U.S. housing recovery has slowed, sales of homes above $1 million have surged in the past year. Price gains have been so great in some areas that middle-class buyers are straining.

More Than Half of 2006 Vintage Now Underwater, Zillow Says This might not have been a problem if housing prices continued to rise indefinitely, but eventually they leveled off in many local markets, or even dropped precipitously. Even today, millions of Americans have homes underwater, and millions more are dangerously close, according to a 2014 Zillow report.

Where the U.S. Middle Class Can Still Afford to Buy a House. we calculated the share of for-sale homes on Trulia that are affordable to a middle-class. % of for-sale homes affordable for.

Trulia: Home affordability slips for middle class.. home affordability continues to challenge first-time, young and middle-class buyers, with some of the warmer climes generally making for the.

Alabama judge denies securitization trustee standing to foreclose A ruling by Massachusetts’ highest court Friday repudiating a widespread securitization practice could scuttle other foreclosure cases statewide and may portend similar blows to the industry elsewhere. The Supreme Judicial Court of Massachusetts rejected claims.

Contents Research firm trulia Top 100 largest metro Securities fraud class Washington post wonkblog: Search Marathon, FL real estate for sale. view property details of the 425 homes for sale in Marathon at a median listing price of $549,000. In Broward County, middle class buyers can afford 57 percent of homes for sale, down from [.]

Where Can the Middle Class Afford to Buy a Home? – October 2013 (Homeownership Affordability for 100 largest U.S. Metros Based on Population) Note: The total monthly payment includes the mortgage payment assuming a 4.5% 30-year fixed rate

Home Depot piggybacks off housing recovery FEDERAL HOUSING administration(fha) important disaster RE OVERY INFORMATION REGISTER WITH FEMA Once a presidential disaster declaration has been made, the Federal Emergency Management Agency (FEMA) will set up Disaster Recovery enters in the affected areas. Assistance may be available to you and your family once you have registered with FEMA.

As in our inaugural middle-class affordability report, we calculated the share of for-sale homes on Trulia that are affordable to a middle-class household, based on whether the total monthly payment – mortgage, insurance, and property taxes – was less than 31% of the metro area’s median household income.

Owning a million-dollar home isn’t the rarity it used to be. The share of homes valued at more than $1 million has surged more than fourfold since 2002, according to new data from real estate site.

If you’re struggling to buy a home in San Francisco or New York, you may want to consider Dayton or Rochester. Those are two of the U.S. cities where middle-class buyers are most likely to find an affordable home, according to a new report by the real-estate website Trulia. In Trulia’s map below.

A new study from Trulia shows that about 62 percent of homes for sale in the DC area are in reach of the middle class. The study, which uses data from the rather large DC metro area, puts the region’s median middle class income at $88,865 and from there calculates that an affordable home would be priced at $441,000.