There is a well-documented shortage of housing for America’s lowest income households. Part of the exhaustive study on the economics of housing has also produced an avalanche of information about the exact opposite end of the housing spectrum: those who have mortgages in excess of half a million dollars.
- More than a quarter of the mortgages in DC are for $500,000 or more.
- In DC between 2012 and the end of 2014, 13,261 mortgages were for half a million or greater.
- After taking out the top 10 states and DC, the other 39 states have 3 percent of the total of big mortgages.