Across all 100 metros, less affordable markets tend to have high price gains. The correlation between the year-over-year price gain and the mortgage-payment-versus-wage measure is 0.3 (statistically significant at the 5% level). That means that homeownership affordability is becoming more unequal across the U.S. — the gap between more affordable and less affordable markets is growing. To see what this growing gap means for the housing market, read the full blog post by Trulia.
Rising prices widen homeownership availability gap