For a new report, Zillow calculated buying power among major ethnic and racial groups to see what percentage of each group could afford a median-priced home on the median salary for their group without spending more than 30 percent of ...
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Affordability Gap Especially Rough for Minorities
Median earners in the top U.S. markets are getting almost fully priced out. A new study by Redfin shows an increasing affordability gap that is even further exaggerated by ethnicity. Middle-class Hispanic and African-American buyers in several major markets, especially in the West, are close to becoming extinct.
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