Mortgage Payments Least Affordable for Low-Income Earners

SEATTLE, July 11, 2016/ PRNewswire/-- People with low incomes spend nearly 23 percent of their income on monthly mortgage payments, compared to high-income earners, who spend 11.5 percent of their income on monthly house payments, according to a new Zillow ® analysis i. To see how different groups are faring in terms of housing affordability, Zillow divided income......(read more)

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