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

  • 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.

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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.