The Search for Affordable Housing Is Pushing Middle Class to Exurbs

Source: The Atlantic The median family needs to devote up to nearly 40 percent of its income on mortgage payments for a median home in metros like San Jose (36 percent); San Francisco (39 percent); and Los Angeles (40 percent). The locations of homes that are within reach for the median family vary substantially, which indicates the uneven nature of housing prices across several major U.S. cities and metros. Read the full story