How Long Will You Need to Save to Buy a Home In Your City?
Posted on August 29, 2012
From The Atlantic:
How long do you have to work in order to afford a home? Ahead of the upcoming Labor Day weekend, we calculated how many years it takes to save enough for a down payment in the 100 largest U.S. metro areas, factoring in both local average wages from the Bureau of Labor Statistics’s Quarterly Census of Employment and Wages and local housing prices based on the median asking price per square foot of homes listed on Trulia.