Redfin, January 23rd, 2019: Middle class buyers area being priced out of housing market
Redfin calculated housing market data ranging from 2017 to 2018, focusing on the share of affordable active listings that were available to households making the median income across 49 metro areas.
In San Jose, just 14 percent of homes that were on the market in 2018 were affordable for those making the area’s median household income of $117,000. This is a significant decrease from 2017 when 26 percent of homes for sale were affordable, according to the company.
