D.C. named least affordable market in country
Wei Wei
Two recent surveys show that Washington-area residents face one of the country's biggest gaps between wages and housing prices, which analysts warn could blunt the city’s attractiveness to talented workers.
An analysis by ZipRealty Inc., an online residential real estate brokerage, found that the Washington region is the most expensive housing market among 30 major metropolitan areas.
ZipRealty reported that the Washington area's median housing price from November through Feb. 10 was $1.03 million, 16.78 times the median income. Washington was followed by New York's Brooklyn borough and the San Francisco Bay area on the list, which was released March 18. . . .Click here for the rest of this Washington Business Journal article.
Wow! It wasn't even close! More expensive than Brooklyn and the Bay area!
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