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

Minority Middle-Class Families Are Being Priced Out Of Homeownership: Redfin Study

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. However, according to new research by Redfin — “Priced Out: The Housing Affordability Gap In America’s Largest Metros” — “no metro area gets a trophy” when it comes to providing affordable homes for median-income minority homebuyers, said Redfin’s chief economist, Nela Rich…

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