Homeownership is a hallmark of the American dream, but there’s a problem brewing underneath the surface of the real estate market.
The calculus of median American income to median American home price is severely off-kilter and the path to homeownership is looking increasingly bleak. Analysts suspect the housing market is headed towards a slow crawl, and in certain parts of the country, outrageous home prices have all but priced out the majority of earners.
Bankrate took a deep dive and compiled homes coast to coast in traditionally expensive and burgeoning markets. Here’s are some of the eye-popping price tags we found: