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Seattle-area percentage of ‘house rich, cash poor’ among highest in U.S.

Summary by Ground News
4 out of 5 homeowners in the Seattle metro area said their home value was at least three times their income. Four of the five metros with the highest median ratios were in California. For about 23% of Seattle-area homeowners, the home they own is worth at least 9 times their Income.

1 Articles

The ColumbianThe Columbian
Center

Seattle-area percentage of ‘house rich, cash poor’ among highest in U.S.

SEATTLE — There’s a rule of thumb in real estate that homebuyers should spend roughly 2 1/2 times their annual income on a home purchase. And like a lot of old real estate rules, that one’s gone out the window for most of us — especially in places like Seattle where home values have skyrocketed. Read more...

·Vancouver, United States
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The Columbian broke the news in Vancouver, United States on Monday, January 9, 2023.
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