If where you want to live doesn't match what you can pay, you're not alone. According to the real estate data collectors at Black Knight (NYSE:BKI), soaring prices and interest rates have home affordability at its lowest level in 30 years or more in 71 of the country's 100 largest markets.
Black Knight says that nationwide, it now takes about 35% of median income to afford the payment and interest (P&I) on the median home with 20% down and a 30-year mortgage. These 10 markets are way more expensive than that.
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