Minority middle-class families are being priced out of homeownership: Redfin study

Research indicates that affordability dropped 11 percentage points in 4 years in major metros for black and Hispanic families
  • Redfin analyzed median incomes for households of different racial and ethnic backgrounds, then compared those to MLS listing prices in 30 major metro areas.
  • Middle-class homebuyers are being priced out of homes for sale across the board, but results were especially acute for black and Hispanic median-income households.

When metro areas across the country are booming with economic growth, that should be a good thing for real estate sales — spurring homeownership because jobs are plentiful.