Real Estate
Real Estate Tech Firm Says Dallas 17th Least Affordable City In U.S. To Buy A Home
A recent RealtyHop report showed DFW ranked number 17 in the U.S. for least affordable cities.
July 20, 2021
The housing pinch in North Texas has caught the attention of the country, including New York-based RealtyHop, a real estate tech firm.
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A recent RealtyHop report showed DFW ranked number 17 in the U.S. for least affordable cities.
Shane Lee, a data scientist with RealtyHop explained what that means:
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“That means Dallas households will have trouble finding a home to buy … we are looking at Dallas being one of the least affordable cities in Texas now.”
Lee added, “An average Dallas household will have to spend over 46% of their annual income on home ownership. This includes $2,000 in mortgage and that doesn’t include the down payment.”
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