
Here's how much house you can afford in your area
CNN
How tough is it to afford a home in this wild housing market? A lot depends on how much you earn and how many houses are for sale where you live.
Record high prices and record low inventory are creating an affordability crisis for homebuyers, according to a new report from the National Association of Realtors.
"With limited supply, the issue of affordability looms even bigger," said Nadia Evangelou, NAR's senior economist, director of forecasting and lead author of the report. "Wages may have increased, but not anywhere near the pace of the home prices."
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