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Only three states meet one study’s affordability criteria
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Only three states meet one study’s affordability criteria
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Only three states meet one study’s affordability criteria
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The Independent Money channel is brought to you by Credit Karma.

A traditional rule of thumb meant to keep housing costs manageable reveals the affordability crisis the prospective homebuyers…

75% of U.S. homes for sale are unaffordable to typical households.

No state west of Texas ranked in the top 15 for affordability

No state west of Texas ranked in the top 15 for affordability

Buyers can still find lower-cost homes in some midsize cities, especially across the Rust Belt and Sun Belt, a new analysis finds.

The 30% rule for buying a home still works in these 11 states — but not a single one is in the South.